ZEZ – Green energy cooperative from Croatia has launched a crowdfunding campaign named Križevački sunčani krovovi (Križevci sunny roofs) which was successfully financed. The main goal of the campaign was an investment in a solar power plant on a roof of the Development and technology centre in the city of Križevci. That was the first time that citizens of Croatia invested in a solar energy project through the model of microloans – citizens are giving the loan to the Green energy cooperative for the period of 10 years, with the 4,5 % annual interest rate. Assets will be used for the purchase and installation of the solar power plant. Users of this power plant will pay a contracted lease which is a fixed amount and equates to energy savings projections. The same lease will be used to return a loan with interests to all citizen investors. The campaign supporters are City of Križevci, Greenpeace, REA Sjever, REScoop.eu, Energy Cities, Terra Hub, Solvis and ACT Grupa.

Find more information on: https://www.zez.coop/