Upcrowding energy cooperatives - Evaluating new financing and diffusion potentials for energy cooperatives through crowdfunding

Dilger M, Jovanovic T, Voigt KI (2015)

Publication Language: English

Publication Type: Conference contribution

Publication year: 2015

Event location: Cape Town ZA

Abstract

Practice and theory proved the potential of energy cooperatives successfully shaping the energy turnaround through civic participation. However, little research has been conducted on sustainable financing concepts for energy cooperatives that cooperatives can exploit to cope with the demographic, financial and image related issues. The aim of the present study is therefore to investigate the potential of crowdfunding. Hence, a qualitative study design based on expert interviews with representatives of energy cooperatives was chosen to deduce recommendations for its utilization within an energy cooperative. The results show that although most cooperatives are not familiar with crowdfunding, strong potentials lie in opening the predominantly local structures for a broader group of members. Building on this, equity based crowdfunding revealed to be suitable for energy cooperatives as a financial add-on and to accompany other challenges in the same way.

Authors with CRIS profile

Mathias Dilger Lehrstuhl für Betriebswirtschaftslehre, insbesondere Industrielles Management Tanja Jovanovic Lehrstuhl für Betriebswirtschaftslehre, insbesondere Industrielles Management Kai-Ingo Voigt Lehrstuhl für Betriebswirtschaftslehre, insbesondere Industrielles Management

How to cite

APA:

Dilger, M., Jovanovic, T., & Voigt, K.-I. (2015). Upcrowding energy cooperatives - Evaluating new financing and diffusion potentials for energy cooperatives through crowdfunding. In Proceedings of the Economics and Management of Networks (EMNet) International Conference. Cape Town, ZA.

MLA:

Dilger, Mathias, Tanja Jovanovic, and Kai-Ingo Voigt. "Upcrowding energy cooperatives - Evaluating new financing and diffusion potentials for energy cooperatives through crowdfunding." Proceedings of the Economics and Management of Networks (EMNet) International Conference, Cape Town 2015.

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