Business Catherine Early - 07/December/2022

Community cash to boost the transition

Local community groups are often seen as being against renewable energy sites or other projects to support the energy transition. But there is a rise in different ownership and funding models that includes local residents who do want to support the quest for a decarbonised economy

Including local residents in the ownership of renewables not only increases acceptance but can ease funding and permitting headaches


NEIGHBOURHOOD WATCH Predictions that nearly a fifth of wind and solar projects could be owned by by local residents by 2030

CONSUMER OWNERSHIP New business models are providing an opportunity for lower-income households to back clean energy projects

KEY QUOTE When you look across the landscape and you see a wind turbine where there wasn’t one before, you feel you’ve lost something. But if you own it yourself, you perceive it in a different way ...

 

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