Crowd investment kicking off PV, storage system market in developing countries

Published onMay 24, 2018

Autarsys reports the roll-out of two off-grid battery systems in Madagascar. Thanks to crowd investment, its order books are full. Streamlining the process of investment, the Germany-based start-up will cooperate with crowd investment platforms, Greenvesting and Ecoligo.

At a press event on Tuesday in Germany’s capital, Berlin, Autarsys announced it will cooperate with Greenvesting and Ecoligo. By securing financing via crowd investment platforms, they intend to roll out PV storage systems in off-grid regions in developing countries. The three companies also launched Germany’s largest crowd investment campaign, to fund a solar project in Asia. The campaign’s target volume of €500,000 will enable the Cauayan eco-resort, located in the Philippines, to install a 173 kW solar PV system, which will be combined with a 499 kWh battery storage solution. Interested investors can start at €500 and will receive a 6% interest rate per annum in return. Investments exceeding €10,000 will be honored with a two-night stay at the resort for free. Representatives of the crowd investment platform, Greenvesting and Ecoligo, stressed their transparency. At the event, they reported that investors will receive quarterly reports regarding financially important aspects of the project, in order to establish trust between investors and project developers.

Source: https://www.pv-magazine.com/2018/05/17/crowd-investment-kicking-off-pv-storage-system-market-in-developing-countries/