Energy co-ops are in a bullish mood and are focused on sector-wide growth. Last week, I attended the General Assembly of REScoop – the European federation of renewable energy co-operatives – on behalf of Co-op Energy and also as an elected director of Community Energy England. One of the discussion points was that around half of the European Union population will be producing their own energy in the next 40 years, according to the European Renewable Energies Federation. The figures predict that over 264 million European citizens could produce their own energy in 2050, meeting 45% of Europe’s electricity demand. The discussion was all very upbeat and heartening, although all gains made to date are still in play, with legislative proposals subject to amendments from the European Parliament in the near future. The European Commission is now even on record as saying: “Our vision is of an Energy Union with citizens at its core, where citizens take ownership of the energy transition, benefit from new technologies to reduce their bills, participate actively in the market, and where vulnerable consumers are protected.”
Co-op News 27th June 2017 read more »
Bristol Energy Cooperative (BEC) launches a new crowdfund to continue its journey to become a major generator of community-owned clean energy. The crowdfund target of £1,150,000 will enable BEC to repay previous loans and invest in new micro-renewable generation and storage schemes. These include a 100kW Tesla battery storage project at a new sustainable housing site. This bond offer builds on the popularity of BEC’s energy schemes where surplus profits are reinvested into the community. BEC has a proven track record of funding and developing renewables, including raising the ambitious sum of £10m last year.
Bristol Energy Co-op 27th June 2017 read more »