EIT InnoEnergy: ecoligo raises EUR 1 million through crowdfunding

▤ Summary

As the company officially announced this week, crowd investors have raised more than EUR 1 million to finance solar projects in emerging markets on the ecoligo.investments platform. The projects with a total capacity of almost 900 kWp were financed in Ghana, Kenya, the Philippines and Chile. Markus Schwaninger, CFO of ecoligo, said: Since the minimum investment amounts have been reduced, a larger number of investors support our solar projects. Repayments from the first three projects have already been disbursed and so we can also show that the solar systems generate sustainable returns. We can see that the crowd can transform the energy landscape sustainably and we look forward to continuing to put our vision into action.

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