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Ener2Crowd is an Italian crowdfunding platform for energy projects, run from Milan by Ener2Crowd S.r.l. SB, a benefit company set up in 2018. It has lent €60.5 million across 259 projects since 2019, of which 106 have been fully repaid; investors have got back €29.5 million of capital and €5.45 million of gross interest (statistics page, read 27 October 2026). It counts 21,313 registered users (August 2026). It has been authorised by Consob under the EU crowdfunding rules since November 2023. It also runs occasional equity offers; our levels cover the loans.
You lend directly to small Italian and Spanish companies for energy-efficiency and building works, solar plants and energy communities. Loans run from 1 to 7 years. The minimum is set per project: the home page says €100, but recent offers ask €300. Ener2Crowd scores each borrower and puts each loan in a risk class. Money raised goes into a wallet that Ener2Crowd controls, so the borrower can draw it only for the project.
The average interest rate on all loans funded is 8.08% a year (read 27 October 2026). This is what borrowers agreed to pay, not what investors received: it makes no deduction for defaulted loans, for the 3% fee on interest charged on many projects, or for tax (26% on Italian borrowers for most individuals, 19% on Spanish ones). The platform advertises 6% to 10% a year gross; the highest single offer seen was 11.75% (August 2026). No return after losses is published. For scale: the €5.45 million of gross interest paid so far is less than the €5.76 million of capital now sitting in defaulted loans.
Ener2Crowd publishes the EU-standard yearly default rate (more than 90 days late on a material payment, or unlikely to pay). For retail loans it rose from 0.83% in 2023 (1 of 121 loans) and 0.65% in 2024 (1 of 153) to 6.51% in 2025 (11 of 169). It counts loans, not euros, and leaves out deals for professional investors (3.70% in 2025). For the next twelve months the platform expects up to 8.74% in its riskiest class.
Its loan-by-loan table showed 29 loans in default with €5.76 million still owed, about 9.5% of everything ever lent and 21% of the money still outstanding, plus 3 late loans with €0.39 million owed (calculated from the platform's own figures, October 2026). Most defaulted loans are in legal action. Problems are recent: 9 loans made in 2025 and 2 made in 2026 have already defaulted. No recovery or realised-loss figure is published.
Nothing. The loans are unsecured, with no buyback, reserve fund or insurance on retail deals; only some deals for professional investors carry a public guarantee. If a borrower fails, you rank behind its banks, the tax office and its employees. One borrower, Solar Cash, is in insolvency proceedings in Milan with a proposed recovery of about 28 cents per euro. Since January 2026 the platform no longer pays the legal costs of chasing bad loans, so investors bear them. Ener2Crowd checks borrowers itself with its own scoring; no security is taken, so none is valued. In plain words: you take each small company's credit, and if it fails you may get back little or nothing.
Ener2Crowd S.r.l. SB (Milan, tax no. 10585050965) runs the platform. Consob authorised it as a European crowdfunding service provider on 8 November 2023 for arranging loans and placing securities. No sanctions by Consob or the Bank of Italy were found. It is small: revenue of €930,670 and a loss of €347,469 in 2024, with seven employees. Its terms say loan contracts and payments stay valid if the platform itself is wound up.
On many loan projects Ener2Crowd keeps 3% of the interest you receive, and 10% of any late-payment interest; check each offer's key information sheet. Equity investments carry a 2% fee. Withdrawals arrive by ordinary bank transfer. Tax is withheld on interest: 26% for most individuals on Italian borrowers and 19% on Spanish ones.
You cannot get out early. Ener2Crowd does not yet hold the authorisation for a resale noticeboard, and its FAQ says invested money cannot be reclaimed before the loan ends, which can be up to 7 years. Uninvested cash in your wallet can be withdrawn by bank transfer. Public review score 2.6 out of 5 (145 reviews, August 2026); recent reviews report losses larger than the interest earned and poor communication, and the platform closed its investor chat group in December 2025.
Return: Medium — loans carry 8.08% a year on average (October 2026), before defaults, fees and tax. Risk: Very High (higher means more risk) — €5.76 million, about 9.5% of all money lent, sits in defaulted loans, and we rate it one step worse because the loans are unsecured, the yearly default rate jumped tenfold to 6.51% in 2025 and investors now pay recovery costs; the detailed loan-level data partly offsets this. Risk-return: Very Low — an average rate for a very high and rising level of losses.
License / Regulation: Ener2Crowd S.r.l. SB is authorised by Consob, Italy's market regulator, as a European crowdfunding service provider, resolution no. 22877 of 8 November 2023, for arranging loans and placing securities of the companies raising money. No sanctions or measures by Consob or the Bank of Italy were found. Investments are not covered by the deposit guarantee scheme or the investor compensation scheme.
Yes. Consob authorised Ener2Crowd S.r.l. SB as a European crowdfunding service provider on 8 November 2023 (resolution no. 22877). No sanctions were found. Deposit guarantee and investor compensation schemes do not cover your investments.
Lemonway, a French payment institution, in an electronic-money wallet in your name, separate from Ener2Crowd's money. Once lent, your money is an unsecured loan to the borrowing company.
It is set per project: the home page advertises €100, but recent offers ask €300.
Loans carry 8.08% a year on average before defaults, fees and tax (October 2026). The yearly default rate rose to 6.51% of retail loans in 2025, and 29 loans with €5.76 million still owed are in default, about 9.5% of all money lent.
Nothing: loans are unsecured, with no buyback, reserve fund or insurance on retail deals. If a borrower fails you rank behind banks, the tax office and employees; one insolvent borrower's proposed recovery is about 28%. Since January 2026 investors bear the legal costs of recovery.
No. There is no secondary market or resale noticeboard yet, so your money stays in the loan until it ends, up to 7 years. Uninvested cash can be withdrawn by bank transfer.
On many projects 3% of the interest you receive and 10% of late-payment interest; 2% on equity investments. Tax is withheld at 26% (Italian borrowers, most individuals) or 19% (Spanish borrowers).
Its terms say loan contracts and payments stay valid if the platform is wound up, and your wallet is held at Lemonway, not by Ener2Crowd. Collecting from borrowers would become harder, and no compensation scheme applies.
The figures show defaults concentrated in recent loans: 9 loans made in 2025 and 2 made in 2026 have already defaulted, and its own forecast expects up to 8.74% in its riskiest class over the next year.
