Individuals and local communities can make an important contribution to maintaining energy security, tackling climate change and keeping costs down for consumers, by participating in community owned renewable energy projects.
Community-led action can often tackle challenges more effectively, by developing solutions to meet local needs, and involving local people. Putting communities in control of the energy they use can help maintain energy security and tackle climate change; help people save money on their energy bills; and have wider social and economic benefits.
Communities come together often within a certain geographical area or in groups who share common values.
Benefits of community ownership :
– A direct stake in a local project
– Attractive financial return to members
– Extended economic benefits for the local area
– Delivery of local energy conservation projects
– Educational support on environmental issues
– Individual commitment to low carbon initiatives
– Stronger communities
– Additional skills and work experience
– Membership of a nationwide network of green co-operatives
Community involvement in generating electricity – whether fully community-owned projects or part community ownership of larger commercial projects – can help achieve UK goals of decarbonising the power sector and seeing a 15% share of our energy provided from renewable sources by 2020.
For further information read the Government’s Community Energy Strategy
Learn more about the investment opportunities HREC offers and further details about all our projects and objectives by following the links. Stay up to date with all our news and developments by signing up to our newsletter.