The crowd financing model named "Badener Sonnenkraft", was
developed by the municipality of Baden - Austria- thanks to a pilot
action of PATRES project managed by Stenum involving the bank
Sparkasse Baden.
It represents an advantageous scheme that joins a simple
financial concept (safe and guaranteed interest rates for
investors) with the assurance to act together on climate change in
Baden.
This crowd financing offered the opportunity for funding the
installation of photovoltaic plants with a total capacity of 60
kilowatts on 3 public buildings' roofs and therefore save 19.000 kg
of CO2.
How does it work?
Every citizen of Baden was able to buy maximum 10 module of the
photovoltaic plant with a value of EUR 500,- each, get profits
(they will receive annually guaranteed 3.5 % interest rates over 10
years) and thereby contribute to the installation of renewable
energy sources of public roofs.
This initiative was very successful as within 8 days from the
beginning of the call all modules were sold.
For further information and any other enquiry, please
contact:
patres@area.trieste.it