Basque Country launches crowdlending for wind farm, offering 7% return to residents (xataka.com)

• First citizen crowdlending for a wind farm in the Basque Country
• 7% annual guaranteed return over three years
• €3 million target; 60% filled in first 24 hours

"The Basque Government, through joint venture Aixeindar with Iberdrola, is offering crowdlending for the Labraza wind farm in Álava. Residents can invest from €1,000 to €100,000 at 7% annual interest for up to three years. The 40 MW project (€59 million total) aims to boost renewable generation from 7.9% to 15% by 2030. Pre-reservations opened May 18; within 24 hours, 51 investors covered 60% of the €3 million target. The model includes discounted electricity for nearby residents."