{"id":2754,"date":"2017-03-27T09:16:37","date_gmt":"2017-03-27T08:16:37","guid":{"rendered":"https:\/\/www.ecrowdinvest.com\/blog\/?p=2754"},"modified":"2017-03-27T09:20:15","modified_gmt":"2017-03-27T08:20:15","slug":"self-consumption-viladamat","status":"publish","type":"post","link":"https:\/\/exchange.ecrowdinvest.com\/blog\/self-consumption-viladamat\/","title":{"rendered":"The quiet, collaborative, clean energy revolution of Viladamat"},"content":{"rendered":"<p><a href=\"https:\/\/d1jrzir44a083v.cloudfront.net\/blog\/wp-content\/uploads\/2017\/03\/Viladamat-village-Festa-mayor-2-1024x683-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2804 size-large\" src=\"https:\/\/d1jrzir44a083v.cloudfront.net\/blog\/wp-content\/uploads\/2017\/03\/Viladamat-village-Festa-mayor-2-1024x683-1-1024x683.jpg\" alt=\"Self-consumption in Viladamat\" width=\"1024\" height=\"683\" srcset=\"https:\/\/d1jrzir44a083v.cloudfront.net\/blog\/wp-content\/uploads\/2017\/03\/Viladamat-village-Festa-mayor-2-1024x683-1.jpg 1024w, https:\/\/d1jrzir44a083v.cloudfront.net\/blog\/wp-content\/uploads\/2017\/03\/Viladamat-village-Festa-mayor-2-1024x683-1-300x200.jpg 300w, https:\/\/d1jrzir44a083v.cloudfront.net\/blog\/wp-content\/uploads\/2017\/03\/Viladamat-village-Festa-mayor-2-1024x683-1-768x512.jpg 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Viladamat is a quiet town of 440 inhabitants nestled in the hills of Alt Emporda, in the picturesque province of Girona. This small, quiet town of 440 inhabitants rarely attracts the interest of the outside world.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is all about to change, however, as the town has just embarked on a historical self-consumption project which could well set in motion a revolution of \u201cdemocratic financing for clean energy\u201d.<\/span><\/p>\n<h2><b>Here comes the sun<\/b><\/h2>\n<div id=\"attachment_2805\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/d1jrzir44a083v.cloudfront.net\/blog\/wp-content\/uploads\/2017\/03\/Robert-noticia-El-Punt-Avui-300x252-1.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-2805\" class=\"wp-image-2805 size-medium\" src=\"https:\/\/d1jrzir44a083v.cloudfront.net\/blog\/wp-content\/uploads\/2017\/03\/Robert-noticia-El-Punt-Avui-300x252-1-300x252.jpg\" alt=\"Rober Sabater, mayor of Viladamat, defends self-consumption\" width=\"300\" height=\"252\" \/><\/a><p id=\"caption-attachment-2805\" class=\"wp-caption-text\">Rober Sabater, mayor of Viladamat<\/p><\/div>\n<p><span style=\"font-weight: 400;\">Robert Sabater, the dynamic mayor of the town had been thinking for a long time about supporting and using renewable energy for the town\u2019s infrastructure. In the last quarter of 2016, he was determined to put thoughts into action and appointed local engineering company SUNO to conduct a study and propose a clean energy action plan for Viladamat.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As a result, SUNO pinpointed a fantastic opportunity for a solar self-consumption installation on the roof of the town hall. SUNO\u2019s final proposal was for the installation of 12 solar photovoltaic modules, delivering 3,4Kw of power &#8211; enough clean electricity to power the entire town hall!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The proposal captivated everyone\u2019s attention &#8211; the town council would save up to 1000 \u20ac per year on its electricity bill and CO2 emissions would be reduced by 2,5 Tm per year. Perhaps most importantly, there was no better way for the town council to encourage the development of clean energy then by paving the way. <\/span><\/p>\n<h2><b>Raising the capital<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The council was enthusiastic. The proposed self-consumption solar installation offered a clear return on the upfront investment of nearly 15.000 \u20ac. The region of Girona offered a 6.000 \u20ac subvention to the project. What was missing was a legal way to raise the remaining capital through the local population.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">SUNO, which knew about ECrowd! as a source of alternative finance for positive impact projects, organised a three-way meeting with the town council. It was an immediate hit as all parties immediately saw the fantastic synergies and possibilities. \u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This was a bold move! \u00a0Viladamat was pioneering as the very first Spanish municipality to collaborate with a crowdlending platform to fund a clean energy project. \u00a0<\/span><\/p>\n<h3><b>And it paid off. <\/b><\/h3>\n<p><span style=\"font-weight: 400;\">After, formalising legal and administrative terms and conditions, Viladamat and ECrowd! signed a historic agreement that will undoubtedly pave the way for municipal clean energy projects in need of alternative financing.<\/span><\/p>\n<h2><b>Crowdlending at Kilometer zero!<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">ECrowd! has experience leveraging solar self-consumption projects. In particular, Ecrowd! has financed the highly successful Mar de Fulles Eco-hotel installation. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Without question, Viladamat\u2019s clean energy project conforms to ECrowd\u2019s key requirements: <\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">A technologically sound project, which clearly outperforms the existing installation;<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">A definite positive impact, both in terms of clean energy production and in the reduction of CO2 emissions; <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">A strong business case, with a return on investment that ensures that the savings generated will support the repayment of a loan.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Not only this but both the Viladamat council and ECrowd! fully allocated the investment opportunity to the residents Viladamat. After all, the initial motivation was to engage the local community on the subject of clean energy. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The crowdlending model offered a flawless opportunity to involve the town residents by letting them lend money to finance this self-consumption solar installation. And so, the first Spanish crowdlending campaign at kilometer zero was born &#8211; 100% of the crowdlending campaign was financed by locals!<\/span><\/p>\n<h2><b>Democratic and inclusive financing<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Robert Sabater is a mayor that advocates to engage and mobilise the residents of Viladamat. Unsatisfied with making history as the first Spanish municipality to finance a solar self-consumption installation through crowdlending, and to have launched the first 100% kilometer zero campaign in Spain, he also decided to ensure that the process would be as inclusive and democratic as possible.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To guarantee maximum local participation, three key initiatives were orchestrated. Secondly, the town council set up a participative investment session in the town hall. For several hours, the ECrowd! representative based in Girona &#8211; Ernest Gasull -, guided and helped anyone who wanted to invest in the project. This ensured that even people without home internet could still access the ECrowd! platform and invest according to their means. <\/span><\/p>\n<div id=\"attachment_2806\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/d1jrzir44a083v.cloudfront.net\/blog\/wp-content\/uploads\/2017\/03\/IMG-20170222-WA0000-300x169-1.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-2806\" class=\"wp-image-2806 size-medium\" src=\"https:\/\/d1jrzir44a083v.cloudfront.net\/blog\/wp-content\/uploads\/2017\/03\/IMG-20170222-WA0000-300x169-1-300x169.jpg\" alt=\"Self-consumption presentation\" width=\"300\" height=\"169\" \/><\/a><p id=\"caption-attachment-2806\" class=\"wp-caption-text\">Robert Sabater and Jordi Sol\u00e9, Operations Director ECrowd! present the crowdlending project to the residents of Viladamat<\/p><\/div>\n<p><span style=\"font-weight: 400;\">First, an information session, opened to the whole town, was organised by the mayor, to ensure all residents could be presented with the details of the operation and understand how to participate. Jordi Sol\u00e9, Operation Director of ECrowd! joined Robert Sabater in Viladamat to present crowdlending on ECrowd!. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Secondly, the town council set up a participative investment session in the town hall. For several hours, the ECrowd! representative based in Girona &#8211; Ernest Gasull -, guided and helped anyone who wanted to invest in the project. This ensured that even people without home internet could still access the ECrowd! platform and invest according to their means. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">And finally, the total investment amount was restricted. As is always the case on ECrowd!\u2019s platform, the minimum investment amount was maintained at 50 \u20ac, making it accessible to even the smallest investors. In contrast, a limit of 500 \u20ac per individual was introduced for this specific kilometer zero campaign. (Otherwise, the legal investment limit on crowdlending projects for non-qualified investors is 3.000 \u20ac). <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite the risk that these restrictions entailed, the mayor was willing to take it for the sake of inclusiveness. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ultimately, he was convinced that the residents of Viladamat would fully stand behind the project.<\/span><\/p>\n<h2><b>A triple win for Viladamat, its residents and solar self-consumption<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">On Monday, March 6th, the project opened for investment on ECrowd! with 2 new visual icons displayed on the project page:<\/span><\/p>\n<div id=\"attachment_2807\" style=\"width: 128px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/d1jrzir44a083v.cloudfront.net\/blog\/wp-content\/uploads\/2017\/03\/KM0-1.png\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-2807\" class=\"wp-image-2807\" src=\"https:\/\/d1jrzir44a083v.cloudfront.net\/blog\/wp-content\/uploads\/2017\/03\/KM0-1.png\" alt=\"Investment at kilometer zero\" width=\"118\" height=\"118\" \/><\/a><p id=\"caption-attachment-2807\" class=\"wp-caption-text\">Investment at kilometer zero<\/p><\/div>\n<div id=\"attachment_2808\" style=\"width: 128px\" class=\"wp-caption alignright\"><a href=\"https:\/\/d1jrzir44a083v.cloudfront.net\/blog\/wp-content\/uploads\/2017\/03\/LIMIT-1.png\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-2808\" class=\"wp-image-2808\" src=\"https:\/\/d1jrzir44a083v.cloudfront.net\/blog\/wp-content\/uploads\/2017\/03\/LIMIT-1.png\" alt=\"Upper investment limit\" width=\"118\" height=\"118\" \/><\/a><p id=\"caption-attachment-2808\" class=\"wp-caption-text\">Upper investment limit<\/p><\/div>\n<p><span style=\"font-weight: 400;\">The Km 0 introduces the investment at kilometer zero concept, where the whole or part of a project is reserved for the local population.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The icon showing a \u20ac sign in brackets introduces an upper limit on the amount any individual can invest in a project, to ensure the wider participation possible.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">By Friday, March 10th, the \u20ac8800 investment required to finance the self-consumption solar installation had already been raised! \u00a0In total, 22 residents of Viladamat contributed between 100 \u20ac and 500 \u20ac each. They will receive an annual interest rate of 3.5%, with monthly reimbursements of the loan over a period of 3 years. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Even more, they understand the direct positive impact their contributions will generate to transition to a low carbon economy. The town is now able to go ahead with the solar self-consumption project, which will be installed by local company SUNO.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It is clear that Viladamat has achieved a lot more than enabling the installation of solar panels on the roof of its town hall. \u00a0This is the first municipality in Spain to finance a clean energy project through a Kilometer Zero ECrowd! campaign! <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Viladamat may well be a tiny Catalonian village, it has just inscribed itself amongst the giants of the collaborative clean energy transition!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Viladamat is a quiet town of 440 inhabitants nestled in the hills of Alt Emporda, in the picturesque province of &#8230;<\/p>\n","protected":false},"author":11,"featured_media":2779,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[363,383],"tags":[],"nelio_content":{"isAutoShareEnabled":true,"autoShareEndMode":"never","automationSources":{"useCustomSentences":false,"customSentences":[]},"followers":[],"suggestedReferences":[],"efiUrl":"","efiAlt":"","highlights":[],"permalinkQueryArgs":[]},"_links":{"self":[{"href":"https:\/\/exchange.ecrowdinvest.com\/blog\/wp-json\/wp\/v2\/posts\/2754"}],"collection":[{"href":"https:\/\/exchange.ecrowdinvest.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exchange.ecrowdinvest.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exchange.ecrowdinvest.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/exchange.ecrowdinvest.com\/blog\/wp-json\/wp\/v2\/comments?post=2754"}],"version-history":[{"count":2,"href":"https:\/\/exchange.ecrowdinvest.com\/blog\/wp-json\/wp\/v2\/posts\/2754\/revisions"}],"predecessor-version":[{"id":2810,"href":"https:\/\/exchange.ecrowdinvest.com\/blog\/wp-json\/wp\/v2\/posts\/2754\/revisions\/2810"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/exchange.ecrowdinvest.com\/blog\/wp-json\/wp\/v2\/media\/2779"}],"wp:attachment":[{"href":"https:\/\/exchange.ecrowdinvest.com\/blog\/wp-json\/wp\/v2\/media?parent=2754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exchange.ecrowdinvest.com\/blog\/wp-json\/wp\/v2\/categories?post=2754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exchange.ecrowdinvest.com\/blog\/wp-json\/wp\/v2\/tags?post=2754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}