Crowdfunding: Corsica Sole commissions its first photovoltaic power plant built thanks to citizen investment in Lot-et-Garonne
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The crowdfunding campaign was a success, with 80 local contributors and more than €410,000 raised. The plant will supply electricity to 3,800 residents while avoiding nearly 8,000 tons of CO2 emissions each year.
Citizen engagement for the region
A new solar farm was created thanks to citizen crowdfunding in September 2021. This was a first for independent energy producer Corsica Sole, which offered citizens of Lot-et-Garonne, Dordogne, Gironde, Landes, Lot, Tarn-et-Garonne, and Gers the opportunity to participate in the energy transition of their region.
The fundraising campaign was a resounding success, with more than €410,000 raised, far exceeding the initial target of €350,000. Eighty eco-financiers purchased shares in the company behind the power plant project on the Enerfip platform, one of the leaders in crowdfunding for renewable energy projects. This investment will have a measurable environmental impact, as for every €1,000 invested, a subscriber contributes to the production of 1,500 kW of electricity, or more than 1/5 of their average annual electricity consumption.
This project is doubly attractive, because in addition to benefiting from a 5% return, each citizen is directly involved in building the future of their region. More and more of us are unwilling to stand idly by and watch our planet deteriorate, and the success of our crowdfunding campaign is proof of this.
This operation also demonstrates that citizen financing representsan additional lever to facilitate the implementation of renewable energy projects.
A 6.5 MWp solar power plant
Winner of a tender from the French Energy Regulatory Commission (CRE), this project gives a second life to a 5.7-hectare site that has been left fallow for years. The 18,000 photovoltaic panels at the new plant will generate 7,900 MWh of electricity per year, equivalent to the annual consumption of 3,800 people. This means that every year, nearly 8,000 tons of CO2 will not be released into the atmosphere.
