Energy Co-operatives Ireland (ECI) is pleased to announce details of a clever concept in positive collaboration between organised local communities in Ireland, and energy suppliers.
Best descri
bed as a “progressive shared ownership equity model”, local groups will now have the option of taking equity in developer-led energy projects in their area.
According to Cormac Walsh (ECI); “this important development means organised communities can now benefit directly from approved large-scale renewable projects, without taking on any up-front planning, regulatory and licencing financial risks. In the case of PV (solar electricity generation) developments, landowners too can benefit from rental incomes considerably higher than the national average per hectare of agricultural land”.