Description
EnRciT provides equity investment to support citizen-led renewable energy projects in their early stages. The fund de-risks projects by offering up to €500,000 in equity, helping community-driven energy initiatives attract additional investors and funding. The goal is to promote local ownership of renewable energy projects, such as solar, wind, and biomass, and contribute to the energy transition by enabling citizen engagement in energy production.
level of support
National
type of funding
Equity
Funding amount
Typically between €50,000 and €500,000
Eligibility criteria
Open to citizen-led renewable energy projects in France, including solar, wind, hydro, and biomass.
Application Process and Timeline
Applicants must demonstrate a viable community-led renewable energy project and submit a detailed project plan. Decisions are typically made within 3-6 months, and investment is provided in exchange for an equity stake in the project.
Evidence Of Success
Many community energy projects have received initial equity investment from EnRciT, which allowed them to secure further financing and move forward with construction. These projects are now generating renewable energy for the local community and offering returns to its citizen investors.
Expert Opinion
EnRciT is a unique and powerful tool for citizen-led energy projects. By offering equity investment rather than loans or grants, it reduces early-stage risk and helps projects attract additional financing. This fund is particularly suited for energy communities seeking long-term financial sustainability while promoting local ownership and community engagement in renewable energy.
