GridShare launches crowdfunding platform for renewables

Solar panels. Author: John S. Quarterman. License: Creative Commons, Attribution 2.0 Generic.

June 8 (Renewables Now) - US investment firm GridShare LLC on Monday announced the start-up of an online crowdfunding platform aimed at financing renewable energy and cleantech projects.

The GridShare platform will enable project developers worldwide to post their funding needs and look for potential investment partners. "Now, with GridShare's help, a project developer or cleantech venture can tap into a new funding channel and ultimately spend less time fundraising and more time focusing on its core business," said the company’s CEO Jack Jacobs.

Among the initial offerings on the independent platform are a USD-250,000 (EUR 223,000) secured debt placement for a community solar scheme, a USD-350,000 equity offering for a floating solar photovoltaic (PV) project, as well as an offering of USD 100,000 in secured debt for a community wind development.

GridShare has authorization from the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) to conduct securities offerings according to SEC’s crowdfunding regulations. The company will upon request provide assistance in preparation of listing materials and filing forms, facilitate investor webinars and manage security offerings.

(USD 1.0 = EUR 0.891)

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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