The Heidelberger Energiegenossenschaft „Neue Heimat“ cooperative family homes in Germany has east-west solar PV systems installed on their buildings that together add up to 445 kW. The total generation is around 370,000 kWh per year. The buildings are located in Nußloch, near Heidelberg. The total investment cost for the installation was 525,000 EUR.
Debt crowdfunding scheme
All 116 tenants were given the opportunity to invest in the PV facility and become shareholders of the Heidelberger Energiegenossenschaft, allowing them to benefit from dividends from the company`s profit. Tenants are offered a package of 1000 EUR consisting of an 800 EUR loan and two shares with a nominal value of 100 EUR each. The loans are repaid over 20 years at three percent interest. At the end of the 20 year period the tenant will have about 1400 EUR back. This is therefore an example of a cooperative or equity crowdfunding scheme were the investor-members also lend money to the cooperative, a debt crowdfunding scheme.
Cheaper than retail power price
The PY system electricity is combined with a residual electricity supply from Naturstrom AG that allows the tenants to purchase electricity at a price lower than the price they would pay if they purchased electricity at retail prices, and this price is guaranteed for 20 years. The tenants buy the electricity direct from the roof at a rate of 0.254 EUR/kWh plus a monthly fee of 6.95 EUR.
The example is listed in the new SolarPower Europe report about successful PV business models in Europe. (HCN)
Also check our exclusive interview with the author of SolarPower Europe`s report:http://www.pveurope.eu/News/Markets-Money/Mitigating-financing-risks-is-key
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