Description
Generation kWh is Som Energia’s innovative financing model that puts citizens at the heart of renewable energy. By contributing zero-interest loans starting at just €100, members fund solar and other renewable projects. In return, they enjoy electricity at cost price and a guarantee their loan will be repaid over 25 years. Since raising €3.5 million in its first campaign, this model has powered multiple clean energy projects, proving that collective action can drive a sustainable energy future.
level of support
National
type of funding
Loans
Funding amount
The total funding depends on the amount raised from members of the cooperative.
Eligibility criteria
Typically supports small to medium-scale renewable energy projects, such as solar installations.
Application Process and Timeline
The project must be associated with Som Energia or a similar cooperative structure. A detailed proposal outlining the project’s renewable energy goals, expected costs, and implementation timeline needs to be submitted. The cooperative reviews the project and launches a fundraising campaign, inviting its members to contribute zero-interest loans.
Evidence Of Success
In the first campaign in 2016, Som Energia raised €3.5 million to fund solar energy projects.
Expert Opinion
For small and medium-sized energy projects, Generation kWh provides a reliable, community-focused funding mechanism that not only finances renewable energy but also strengthens social cohesion.
