Renantis Raises Funds for 8.2MW Italian Agrivoltaic
- Renantis launches crowdfunding campaign to finance 8.2-MW La Manganizza agrivoltaic project in Italy's Friuli-Venezia Giulia region. Citizens can take part by investing with 3-year loans of up to EUR 10,000, with estimated 12 GWh/year and 4,000 homes powered. Project includes 85% cultivation area & multiple beehives.
Renantis has launched a crowdfunding lending campaign to raise funds for its 8.2-MW La Manganizza agrivoltaic project in Italy's Friuli-Venezia Giulia region. The project will require an investment of EUR 8 million and will be installed on a 15-ha area with over 14,000 double-sided PV modules mounted on single-axis trackers. Once operational, the solar project is estimated to produce 12 GWh of electricity annually, enough to power 4,000 homes. Citizens willing to take part in the funding campaign are able to acquire three-year loans of up to EUR 10,000, guaranteed by Renantis. The project will also have multiple beehives and 85% of the area will be available for cultivation. It is Renantis' second crowdfunding initiative in Italy, following a EUR-30-million project in Udine.
What Benefits Will the La Manganizza Agrivoltaic Project Provide?
- The La Manganizza agrivoltaic project will create over 10 jobs in the Friuli-Venezia Giulia region.
- The solar project will reduce CO2 emissions by 8,000 metric tons per year.
- Citizens who take part in the crowdfunding campaign will benefit from a return of 9.75% on their investment.
- The project will include a number of biodiversity projects such as bird-watching routes and educational programs.
- The project will feature 14,000 double-sided PV modules mounted on single-axis trackers, which will maximize solar energy production.
- The project will provide clean, reliable, and renewable energy to over 4,000 homes in the region.
- The project will also have multiple beehives, which will help to improve the local environment.
