Crowdfunding Energy Access – State of the Market Report 2020-21
Energy 4 Impact’s research programme Crowd Power examines the role of alternative finance in growing the energy access sector with a particular focus on crowdfunding. The research highlighted in this report shows that after five years of strong growth, crowdfunding volumes related to energy access fell by 25% to $48 million in 2020 as a consequence of the Covid-19 pandemic. Whilst debt crowdfunding volumes decreased by 23% to $42 million, equity crowdfunding increased more than tenfold in 2020, raising close to $6 million. The research indicates that debt crowdfunding platforms have made a modest recovery to pre-pandemic levels, and the report also recommends specific interventions to funders seeking to support the energy access-related crowdfunding sector.