The European model: communities profit

Categories: News
Published on: July 12, 2016

National Observer / Christopher Adams / 11 July 2016

wind_farm_0As Saskatchewan promises to accelerate renewable energy, one company has proposed the European community ownership model in a move that could change the way Canada funds clean energy.

Most wind energy projects in North America are funded by private developers who foot the bill and reap all the profit. Saskatchewan-based wind and solar company, SaskWind says projects in Germany and other European countries have been highly successful because community members are often co-owners, sharing the profits.

“Communities got together, and they tended to build smaller projects as a result, which suited their particular needs, and they provided the financing,” said SaskWind President James Glennie in an interview. “I think one of the things that’s interesting and exciting about the internet is that it’s very easy for many people to get together and each put in say $1,000 to finance.”