HOW IT WORKS
The simplified scheme requires individuals to invest through the Lending Crowfunding platform and finance part of the construction of the facilities. The procedure is as follows:
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press_release | 09/03/2023
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press_release | 29/09/2022
Stakeholder's engagement
Our commitment to sustainable development
The presence of our plants represents an opportunity for sustainable development for the areas in which we operate. We want to ensure that local communities draw additional benefits other than those strictly linked to the production of clean energy. Our aim is to promote initiatives by engaging with local stakeholders (communities, companies, associations and other local players) in order to maintain the value – both economic value and other types of value – it creates and to keep this in the areas in which it is generated. This approach starts by carefully listening to the needs of the local area and its communities and subsequently devising tangible action designed to address them. In this sense we aim to act as an enablers which are set up within a local area – and for the benefit of that local area. In order to launch this approach, we have taken a number of different steps inspired by its experience of community engagement in its wind farms in the UK. Our main activities in the territory can be summarized as follows:
- Promotion of local employment Our production facilities from renewable sources are often located in rural areas where the issue of employment is very much in focus. Our commitment is to offer, through our contractors and/or business partners, opportunities for temporary employment for plant construction workers, or permanent employment for maintenance activities. This, in addition to the more immediate benefit of finding employment at local level, allows the development of new professionalism and skills in the area. To this end, we have established a scholarship at national/regional level for students who live in the territories around their plants and who wish to become technicians specialized in the wind and photovoltaic sector. The grant provides financial support to cover transport costs, and/or teaching materials and any equipment. This possibility is open not only to professionals involved in the programs described above, but also to all those in the area who wish to pursue a career in the renewable energy sector.
- Promotion of local supply chain We try to use a supply chain as local as possible, urging the use of companies in the area that are able to respond - according to strict technical standards of quality and safety - both for the construction and for the operation and maintenance of the plants. Before the start of construction activities, we organize a local public meeting (Open Day of Contracts) in which the list of products and services needed by the contractors is presented to the local business community. The tenders are always managed in a transparent manner, with rigorous procedures and guaranteeing the highest standards of legality through a strict process of qualification of candidates.
- Construction liaison group Interaction with local stakeholders starts from the moment you start planning the construction of the plant. Each step is designed to minimize the impact on the environment and the community. A permanent channel of dialogue is opened with local stakeholders, through the creation of the so-called Construction liason group group in order to provide constant updates on the progress of the work and provide a prompt response to any problems reported during construction activities.
- Social initiatives for the community We support the implementation of local community projects, creating funds that are given in management to a local, apolitical and non-profit association, fully participated and managed by members of the local community, with a very clear mandate on how to manage the funds. The fallout of the activities must involve the whole community and not create internal conflicts. We have no right to interfere with the association's choices and activities unless its activities fall outside its mandate. Fiora has supported over 100 community projects in the UK, in various areas: education, culture, leisure, social impact, environmental protection, sustainable energy, infrastructure. Again, support is guaranteed throughout the life of the plant.
- Shared activities with local communities In addition to the positive socio-economic impacts on the area described, we offer local communities an opportunity for financial participation in the project through the payment of annual interest on the loan for a period that may vary in duration. Faced with the positive impact of these measures in the UK, we have set ourselves the objective of replicating these models of local community involvement, also adapting them to countries where we are building new facilities (Norway, Sweden, Spain) and for future facilities in Italy. This commitment is mentioned in our Sustainability Report and consists of Lending Crowdfunding.
LENDING CROWDFUNDING: AN OPPORTUNITY FOR OUR LOCAL COMMUNITIES
How it works
How it works
Lending Crowdfunding is a financial tool that allows people to have - through a web portal - an economic return linked to the presence of the plant, lending money during the development phase, which we will return with a stable and guaranteed interest. The phenomenon of Lending Crowdfunding has grown rapidly at international level on the wave of the so-called crowd-economy and has given rise to numerous cases of excellence in particularly advanced economies. Today these financial solutions are well regulated in Italy by Legislative Decree no. 11 of 27 January 2010 and operators are authorised to operate by the Bank of Italy under the Consolidated Banking Act (hereinafter TUB).
Inclusion of the project We insert the specific photovoltaic project on the Lending Crowdfunding portal, detailing the technical and economic characteristics of the investment;
Registration The investor, even the individual citizen, registers on the platform by sending the required documents (identity card, tax code, domicile and recent electricity bill, bank details;
Participation The investor enters on the platform the amount with which he wants to participate in the financing of the plant. The priority of access to financing and the return on it are defined according to the investor's profile, i.e. according to his or her place of residence (e.g. an inhabitant of the installation's municipalities may have privileged access to financing and a higher interest rate than other investors);
Restitution The return of fixed interest linked to the economic performance of the facility is made via the platform directly on the investor portal profile.
Expiry When the loan is due, the money lent is returned to the investor directly on the portal profile.
Registration The investor, even the individual citizen, registers on the platform by sending the required documents (identity card, tax code, domicile and recent electricity bill, bank details;
Participation The investor enters on the platform the amount with which he wants to participate in the financing of the plant. The priority of access to financing and the return on it are defined according to the investor's profile, i.e. according to his or her place of residence (e.g. an inhabitant of the installation's municipalities may have privileged access to financing and a higher interest rate than other investors);
Restitution The return of fixed interest linked to the economic performance of the facility is made via the platform directly on the investor portal profile.
Expiry When the loan is due, the money lent is returned to the investor directly on the portal profile.