30 Sep '15, 12pm

Emerging market crowdfunding: it's not just solar lanterns - Solarplaza

There are challenges associated with raising finance in non-traditional markets. Crowdfunding looks like a credible alternative. Experts say renewable energy crowdfunding has the potential to become a catalyst for solar project development in emerging markets, especially within underserved segments like commercial and industrial. Midsize commercial customers, with grid-connected farms and factories that employ hundreds of people in food packaging, or coffee or flower growing, are a neglected sector in Africa, said Martin Baart , co-founder of ecoligo. They are too small for World Bank funding, which has little interest in projects under €20 million, but too big for non-governmental organisations focused on very small-scale off-grid consumer needs. Yet "these projects are viable,” said Baart, who is developing a new crowdfunding platform, ecoligo, to provide finance focused...

Full article: http://www.solarplaza.com/channels/finance/11422/emerging...

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