Sun Investment Group, a developer specialising in solar projects across Europe, has launched a crowdfunding campaign in partnership with French platform Enerfip. The operation aims to raise up to €1.6mn ($1.7mn) to finance an initial tranche of photovoltaic projects in Italy. The campaign runs from 30 September to 15 October.
A combined capacity of 113 MW across 12 sites
The funds raised will be used to support twelve solar installations located in various Italian regions. The sites are named “Sig Noha”, “Castelvoltuno 1”, “Sig Turri”, “Sig Zanos”, “Sig Idice”, “Sig Campi”, “Cancello & Arnone 4”, “Sig Refondino”, “Sig Santa Marta”, “Mondragone 3”, “Sig Muras” and “Cellole”. Together, these projects will provide a total capacity of 113 megawatts.
Each site is currently in the development or pre-construction phase. The capital raised will cover pre-construction expenses, including technical studies, administrative procedures and grid connection work.
Citizen financing in a cross-border framework
This fundraising marks a new step in Sun Investment Group’s financing strategy, calling on European citizens through a fixed-rate green bond. Although the projects are located in Italy, the campaign is open to investors from several European Union countries.
Enerfip, which is managing the technical and legal aspects of the operation, has previously coordinated similar financing for energy infrastructure. The model is based on an online subscription process, with a generally accessible entry ticket, aimed at mobilising private savings to support tangible energy assets.
A strategy to diversify funding sources
The use of crowdfunding fits into a broader strategy to diversify capital sources for project developers. In addition to traditional bank loans or institutional partnerships, this approach allows for direct citizen involvement while securing early-stage development funding.
According to the group, further funding tranches may follow if the current campaign meets its targets within the set timeframe. Investors will receive fixed-term bonds, with the interest rate disclosed at the time of subscription.
