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How it Works
The details behind it.

Invest in a solar power plant

You decide how much to invest from € 250 as a minimum. You can invest in how many solar panels you want (every panel is € 250).  In return you will receive a fixed interest rate of 6% p.a. after the event we buy a solar farm.

Preorder of solar panel

Basically, you are providing a loan to the company until a solar park is fully financed. You have to agree to a simple loan agreement between you as a borrower and SWITCHR, accepting the general terms and conditions. After one year, if a solar power plant has not been acquired by the company, you will receive your money back.

Normalt it takes 6 months to complete a solar power project

Secure Payment

Your payment is transferred by using Bank transfer or CreditCard. Until the project is fully financed, your money is securely held on a blocked Escrow account managed by our bank partner DNB.

Funding completed

When a project is fully financed, SWITCHR   will go through with executing the solar power plant project. You then have to accept that your loan is fully converted to preference shares to become your own solar power producer. You will be notified 3 weeks before the conversion and have the ability to opt out.

 

 

Preference shares

Preference shares, also referred to as preferred stock, are shares of a company’s stock with dividends that are paid out to shareholders before common stock dividends are issued. In the unlikely event of bankruptcy, the shareholders with preferred stock are also entitled to be paid from company assets first.
If you still have questions take a look at our frequently asked questions!
FAQ