Renewable energy crowdfunding: Business model and risks of a French platform

Crowdfunding platforms appear as a new popular form of financial intermediation able to meet the financial needs of renewable energy (RE) projects. This article analyses the French RE crowdfunding platform: Enerfip. Building on Osterwalder (2004) and Osterwalder and Pigneur’s (2011) Business Model Canvas, the paper develops a representation of the platform’s business model, a matrix of its risks and the strategies implemented to face them. Finally, this article identifies shortfalls in its strategies and discusses diverse means of action to address them. JEL Codes: G23, G24, L21, L81, M21, Q55