May 10, 2013
In the UK, awareness of climate change and its relation to energy supply is at an all-time high. The current technological and legislative context offers significant financial incentives for the expansion of renewable energy systems. This has created an attractive environment for shared investment in and ownership of renewable energy technologies.
In April 2013 ManagEnergy reported on a new revolving loan fund for community renewable energy projects launched by Cornwall Council (UK). The loan fund, worth EUR 1.2 million, is aimed at community groups to help build renewable energy installations in their local area. At the heart of this model is the principle that the benefits of energy should be localised, and that strong links between communities and energy should be forged to increase awareness and encourage community benefit through the way that agreements are structured. As such, only projects that could evidence strong community benefit were accepted. The Council’s Green […]