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Genervest scales up its clean energy investment portfolio for 2022

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Genervest, an energy transition accelerator powered by Greenpeace Greece, has presented a new investment portfolio of energy communities and an ambitious solar rooftop project for 2022.
Genervest scales up its clean energy investment portfolio for 2022
Courtesy of Genervest.

The portfolio includes an investment platform focused only on renewable energy projects designed to democratise the energy transition by giving the people the power to stop climate change. Genervest is offering its investors the opportunity to invest in a diverse portfolio of crowdsourced solar energy projects through its peer-to-peer investment platform, including the FREE SOLAR rooftop campaign, which supports local communities, small businesses and households in their transition to clean energy.

Investors can help projects that empower local communities to obtain access to the funds they need. These projects range from highly experienced energy communities like Good Energy, which has already constructed 8 solar PV parks, to highly impactful ones like the Minoan Energy community, which also provides free electricity to households affected by the recent earthquake in the Crete area.

Genervest is also supporting the funding of the Kaboni electrification pilot project in Burundi, which aims to connect hundreds of thousands of people in one of the world’s poorest countries to high-quality, consistent, clean electricity.

The company’s most fundamental project to date is the FREE SOLAR rooftop campaign, soon to be launched in Greece with a target of 90,000 registrations in the first 18 months before being rolled out across Europe. The solar PV systems will effectively be free to the owners as their cost will be serviced through loan repayments that will be less than their existing electricity bills, and after a few years, the systems will be paid for and supplying free solar electricity. 

“We will combine a nationwide information campaign explaining how a solar PV rooftop system saves customers money from the moment it is installed and connected with organising the full solution, including financing and installation” said Phillip Stovold, Genervest’s Managing Director. “To receive a FREE SOLAR system, all Greek homeowners will need to do is sign up, and Genervest will do the rest. People who can’t put a system on their roof will be introduced to a suitable energy community so they can own their clean energy supply somewhere else.”

FREE SOLAR’s ultimate mission is to provide a solution that will promote the democratisation of the energy sector by delivering the >30 percent of the energy transition that must consist of distributed solar PV systems like rooftop and community solar.

Genervest connects people with savings who want to invest in the energy transition to people who have energy projects and are seeking funding. By keeping transaction costs to a minimum, it ensures competitive interest rates (4 to 8 percent) to investors and fair payback options to project owners.

“Our unique three-part structure sets it apart from other organizations: its Support Teams, which assist our partners who own the energy projects (we call Genervestees) bring their projects to life and accelerate the project pipeline; our Platform, which connects Genervestees to people who want to put their money into supporting the energy transition (we call Genervestors); and the Genervest Foundation, which provides continuity of funding and liquidity by securing and managing institutional and soft investments” added Mr Stovold. “These three components work together to multiply momentum.”

Genervest aims to provide a new way for people to invest socially and ethically, allowing them to shift away from traditional investments and into a fully transparent and impactful new genre of investing, facilitated by a global, transformative, low-transaction peer-to-peer investment platform that offers market-rate returns.

For additional information:

Genervest

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