Energy Transition and Housing Investments Open for Ulmers, Warns Financial Advisor
In an innovative move, the city of Ulm is inviting its residents to invest in their own community, with municipal subsidiaries SWU and UWS offering investment opportunities. Martin Bendel, the independent finance mayor of Ulm, emphasises that these investments are not just about returns, but about promoting meaningful investment in one's own city.
The exact timing of these investment opportunities has not been publicly specified, but they will be open to all Ulm residents, starting from a few hundred euros. The city of Ulm has not yet discussed providing collateral or guarantees for investor security, and the risk of these citizen participations may not be fairly priced as they are not traded on the stock exchange.
SWU plans to invest one billion euros in renewable energies in the coming years, with two potential projects for citizen financial participation already on the table. These include a housing construction project by UWS on Mähringerweg and an existing PV plant of SWU in Örlinger Tal. UWS also plans to invest 250 million euros in housing construction in Ulm.
Martin Bendel, the finance mayor of Ulm, has expressed his support for the creation of more affordable housing and the construction of renewable energy infrastructure. He has also stated that the city would stand behind UWS and SWU to prevent total loss, but the specifics are yet to be determined.
Niels Nauhauser, a financial expert, advises potential investors to be cautious, to look at the conditions carefully when they are available, and to seek advice from the consumer centre before investing. He also warns that just because the companies belong to the city, it does not guarantee that the city will cover all liabilities.
Despite the risks, citizens of Ulm now have the opportunity to invest in the energy transition and housing construction in their own city. This innovative approach to municipal finance could provide a model for other cities looking to engage their citizens in the development of their communities. The future appearance of the investment opportunities at UWS and SWU is yet to be seen, but it promises to be an exciting development in the financial landscape of Ulm.
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