Enian are building the technology platform for renewable energy investing worldwide. Our vision is to make renewable energy investable with just 3 clicks. Our platform hosts 76 live projects across 50 markets seeking a combined $3 billion in investment. We envisage this to rise to $6 billion in 2019.
We've built a secure cloud-based platform which developers of solar, wind and energy storage projects use for free to manage their work flow and data sharing with investors. Investors subscribe to get direct access to the developers. This method of securing investment online disrupts the status quo, where brokers charge high fees to help developers locate investors and vice versa.
Renewable energy projects are complex and take a long time to develop (12-24 months). Time is money, so the longer a project takes, the more costly and risky it becomes. Because of this, banks tend to only consider big projects for investment (50-1000 MW). Smaller projects (100 KW - 20 MW) get ignored so that's where we come in. We aim to halve the time and cost that smaller projects take to reach financial close.
Renewable energy attracts $300 billion in investment p/a, doubling every 10 years. Of that, around $30 billion p/a comes from London. We aim to facilitate $1 billion in transactions here by 2022. Since 2014 our product and strategy has been guided by advisers at Mainstream Renewable Power, Blackrock, Macquarie Capital, RBS and Barclays. We attract talented analysts from Duke, Imperial College London and Edinburgh University to work for us. After having our first sale just last month, we received interest from a major bank in trialing our product post-funding.