Schwarm finances IWB's second solar system

Basel, November 2021

The Basel energy supplier IWB has implemented its second swarm-financed photovoltaic system on a house roof. This means that tenants can also participate in solar systems. The start of construction of two further large plants is imminent. More roofs are to follow.

Tenants without their own roof helped finance IWB ‘s second solar system. You have acquired an individual share in the planned solar system on the Spittelmatthof near Riehen BS through the participation model Sonnenbox Crowd. In return, they will receive an electricity credit of 100 kilowatt hours per invested square meter over a period of 20 years.

This second system is 350 square meters and will have an output of 72 kilowatts. That corresponds roughly to the electricity needs of 25 to 30 households. As stated in a press release , it only took a few weeks to fully finance them.

The preparations for its construction were already under way. It should be completed by the middle of next year. The installation of the first swarm-financed system is also imminent. It is being erected on a roof by IWB in Basel’s Gundeli district. “The great demand spurs us on to offer the people of Basel more solar systems soon,” Martin Albrecht, product manager of the Sonnenbox Crowd, is quoted as saying. “We are looking for other suitable roofs for this.”

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