Financing can often be a barrier to project development. Creative financing mechanisms are often talked about, and it is refreshing to see examples being acted upon.
Since the passage of the JOBS act in April of last year, online crowdfunding platforms such as Kickstarter have given entrepreneurs easier access to capital through non-traditional means. This week, Mosaic – an online platform connecting investors to solar projects – announced it had
sold out its first four projects in less than 24 hours with over 400 investors putting in between $25 and $30,000. In total, investors put in over $313,000 with an average investment of nearly $700.
The overwhelming response to the site indicates strong support for renewable energy projects, support that could provide a needed revenue stream for cleantech. Great news – for both Mosaic and for the clean energy industry.