Energy4All has agreements with selected developers to offer communities a share in major commercial projects and is also working with local groups and landowners to develop small to medium sized projects that will be completely owned by the community.
The minimum cost of becoming a member is £250, so almost everyone can join a green energy co-operative and the maximum legal investment is £100,000. The co-op then purchases a share of the wind farm and profits from the sale of green electricity are distributed to members through an annual dividend. Preference for joining the scheme is given to people living in areas where the wind farms are developed, to maximise the economic benefits to the local community. Investors receive their capital back at the end of the project lifetime and the co-operative structure ensures that money does not buy power. Co-operatives combine business efficiency with honesty and fairness and all members can have a say in how the co-op is run one member one vote.
A co-operative is set up to meet mutual needs and belongs to its members. A co-operative is run democratically on the basis of one member, one vote.
Co-operatives share their profits with their members. Co-op’s are constituted under the Industrial and Provident Societies Act.
Energy4All are developing several new projects to offer co-ownership.
If you would like to receive further information on the progress of these projects please register your interest.