Solar Cities aims to boost solar energy projects and citizen involvement in the energy transition by joining Mayors from all world together to sign the Solar Mayors Charter - an international declaration of Mayors pushing for the adoption of solar powers in urban environment.
Access to relatively inexpensive energy is essential for the functioning of modern and productive economies. An increased access to solar energy would offer significant opportunities for the missing energy diversification, greater energy efficiency and technological advancement, thus improving energy security and providing further economic benefits.
In this context, there is a vast, untapped potential for harnessing solar energy, as the technology has only recently begun to take off, due to high equipment costs and very limited experience in participating countries. For this reason, it is necessary to test and implement new models of financing solar energy production, such as crowdfunding, renewable energy cooperatives, ESCO model, and similar hybrid models focused on bringing financing from private sector and citizens (and in cooperation with cities).