Crowdfunding May Cut `Not In My Backyard' Risk for Renewables
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If you paid for it, you probably won’t be mad that it’s near your house. That, at least is what the proponents of green energy are saying.
Crowdfunding, a way of raising money that asks the masses on the Internet to each chip in, is rising in the renewables industry. Traditionally used by charities, it has raised 165 million euros ($180 million) worldwide to develop 300 clean energy projects, according to a presentation at the Renewable Energy Crowdfunding conference in London on Thursday.