Description
In 2018, REScoop MECISE sce (European Mutual for Energy Communities Investing in a Sustainable Europe) was founded as a financing vehicle for citizen energy communities. In the REScoop MECISE mutual, REScoops, municipalities and institutional investors put their money together in one pot. This vehicle is meant to facilitate REScoops in financing community-led renewable energy and energy efficiency projects.
level of support
EU-wide
type of funding
Loans, Equity
Funding amount
Provides equity and debt capital for larger renewable energy projects.
Eligibility criteria
Suitable for large-scale renewable energy projects, like wind farms or district heating systems, requiring significant upfront capital.
Application Process and Timeline
Contact REScoop MECISE to discuss the project idea and assess eligibility. A comprehensive business plan detailing project scope, financial needs, and expected impact needs to be submitted. REScoop MECISE evaluates the project based on scalability, sustainability, and alignment with cooperative principles.
Evidence Of Success
In October 2024, REScoop MECISE enabled the first-ever cross-border cooperative investment in Europe, providing a £5 million, 10-year refinancing loan to Westmill Solar Co-operative in Oxfordshire, UK. This 5MW community solar farm demonstrates how cooperatives can mobilize citizens and resources across borders to advance renewable energy.
Expert Opinion
For energy communities with larger ambitions, REScoop MECISE is a vital tool that transforms visionary projects into tangible realities. Its ability to scale impact while maintaining cooperative principles makes it a cornerstone of the energy transition in Europe.
