Galatea Project: A real project to invest in the future
The Galatea Project is a clear example of local participation and commitment to renewable energies. It is for a wind farm located in the Alt Empordà region, promoted by Endesa's renewable subsidiary, Enel Green Power España, with the capacity to generate 140 GWh/year, equivalent to the annual electricity consumption of half of the homes in the region.
20% of the financing for this wind farm will be through Fundeen, a participatory financing platform, enabling all the residents in the region to have priority to reserve an amount to invest that ranges from €500 to €25,000.
The benefits of local investment in Galatea
- An opportunity to invest: The residents of Alt Empordà will be able to invest in an innovative, sustainable project and contribute directly to the development of their region.
- Attractive returns: The financial instrument offers a fixed return of 5.8% for priority municipalities and 5.3% for the rest of the Alt Empordà region, which represents an interesting opportunity for investors.
- Corporate guarantee: The investment is backed by a corporate guarantee issued by Endesa, S.A., a company with a Standard & Poor's BBB+ Investment Grade.
- Sustainable development: By participating in Galatea, investors are contributing to the generation of clean energy and the reduction of carbon emissions, actively collaborating in the fight against climate change.
Local participation is now an essential pillar for the development of renewable projects. The active participation of local communities generates a social licence that enables the implementation of sustainable initiatives.
The Galatea Project, promoted by Enel Green Power España and Fundeen, is a clear example of how local investment is able to promote the social-economic development of a region and the adoption of clean energy in an attempt to mitigate any difficulties that may arise between neighbours.
Investing in renewables not only provides economic benefits, but also contributes to building a more sustainable future for everyone.