By David Prosser, In Britain last week, 14.9 per cent of all electricity generated came from renewable energy sources. Meanwhile, India announced the commissioning of the country’s largest ever solar polar plant. And in the US, New York State unveiled a $250m funding package for renewables.
All these updates – and there are many more – come courtesy of Trillion Fund, the British crowdfunding platform that specialises in raising money for renewable energy projects – and which has just reached a landmark of its own. The platform’s merger with fellow platform Buzzbnk, which focuses on the social enterprise sector, is set to create the UK’s largest social crowdfunding service.
Julia Groves, the Trillion Fund founder who will now lead the business, reckons the platform could raise as much as £500m for renewable energy projects and social enterprises over the next two-and-a-half years – she’s hoping to have raised money from as many as 500,000 investors by the end of 2017.