Revolving Fund

Revolving Fund

Renewable energy projects typically require large investments at the beginning, making it hard for starting REScoops to launch their first projects. Our experience is that local citizens come on board more easily once the project is operational. Established REScoops on the other hand  raise funds more easily but sometimes lack good projects, leaving them with unused funds in their bank accounts. REScoop.eu is currently working on a solution. A European cooperative fund will provide equity to starting cooperatives and take (partial) ownership in their project. The cooperatives will then push the cooperative to raise funds from local citizens and support the campaign. The fund will foster an international collaboration between REScoops and allow them to scale-up the size of individual projects. REScoop.eu, Enercoop and Ernst&Young France are currently working on a business plan and hope to get the fund operational by 2018. More news soon...