Community Owned Energy projects are generally renewable energy projects where residents of a community become investors in the project.
Community Wind Energy projects have been developed in Europe over many years. In Denmark over 100,000 families belonged to wind turbine cooperatives.
Community Solar Farms have been developed in the US and Canada over the past few years.
Most Community Owned Energy projects sell power directly to the grid at a premium. Due to the economics of electrical pricing and grid connection policies in BC we are using a different model here.
The financial structure of these project varies. Some issue bonds or take loans from the investors. Other offer equity investments like SolShare Energy