A total investment of € 1 million is required to implement the project . The aim is to implement the entire project with a capacity of 2 MW . 65% of the project costs are to be covered by Peru in three funding rounds of up to € 244,750. 35% of the required amount will be paid by La Tortuga Cooperative. make available from their own hands, of which up to 25% will be covered by other state funding if installed in good time. The capital collected is provided by the project owner La Tortuga Cooperative in Peru.
Repayment from income from electricity sales
The subordinate loan covers the project owner for the purchase and installation of the solar systems. The loan has a term of 8 years and an annual interest rate of 6.8% for crowd investors. The loan is serviced from the proceeds from the sale of green electricity. The funding threshold in this project was initially € 234,750 and was reduced to € 50,000.If only this amount is reached, the project developer will cover the difference with the available funds and carry out the project.