Crowdfunding Campaign For Italian Agrivoltaic Project

• For its 32.6 MW agrivoltaic plant in Italy, accompanied by 10 MW storage capacity, Renantis has opened a crowdfunding campaign
• It if offering up to 6.5% annual returns to individual investors from Italian municipalities of Terzo di Aquileia and Cervignano del Friuli for their investment
• Denizens of Friuli Venezia Giulia where these municipalities are located, are promised 5.5% annual returns

Italian renewable energy company Renantis has opened a crowdfunding round on Ener2Crowd platform to raise finance for a 32.6 MW agrivoltaic project with 10 MW storage system in Italian municipalities of Terzo di Aquileia and Cervignano del Friuli in lieu of offering annual returns to locals for their investment.

Previously known as Falck Renewables, Renantis said the lending crowdfunding campaign will be developed through a remunerated loan that's guaranteed by it. Interested locals can invest anywhere between €200 to €10,000 on the Ener2Crowd platform.

The gross annual return on investment for the inhabitants of Terzo di Aquileia and Cervignano del Friuli will be 6.5%, while that for investors from Friuli Venezia Giulia region where these municipalities are located will be 5.5%. "At a later stage, the financing opportunity will also be open to Renantis' Italian employees, key figures in the Group's green vocation," the company added.

Investors will receive annual interest on the loan made for 36 months and will have an option to exit early and receive full recovery of the capital paid in, at the end of the period. The crowdfunding opportunity will be open for 60 days on the Ener2Crowd platform where the company had raised €2,245 on February 23, 2023 with 7 investors pitching in when TaiyangNews checked last.

Construction on the 52-hectare site in the Italian region of Friuli Venezia Giulia is scheduled to kickstart in July 2023. Once it is online, the project is expected to produce close to 50 GWh annually with 65,200 bifacial modules deployed on single-axis trackers of 550W each.

The company will combine this clean energy project with beekeeping on site and also plant native crops to help with climate change mitigation and protect local biodiversity.

Renantis says crowdfunding is aimed at local participation in the development of the Terzo d'Aquileia agrivoltaic plant that will create jobs and local supply chain opportunities as well.

Earlier, Renantis had held a crowdfunding round for a 9.7 MW agrivoltaic project in Italy's Landolina region which fetched it €178,861 from 68 investors (see Europe PV News Snippets).