Crowdfunding for Wind Energy Sets New World Record

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The Energy Collective  |  Clare Taylor  |  Posted September 26, 2013

crowd fund wind energy

This week 1700 Dutch households raised EUR 1.3 million in just thirteen hours to buy shares in a wind turbine – setting a new world record for crowdfunding. For the next 12 years, these households will receive their own sustainable energy from the cooperatively owned turbine.  With electricity costs set to rise, the ‘wind-sharers’ will benefit from big annual savings – by anticipating and managing energy needs.

Facilitated by Dutch company WindCentrale, the wind shares were sold for EUR 200 each and households bought single shares or blocks of shares. Each share corresponds to approximately 500kWh of electricity per year (the annual average household consumption in the Netherlands is 3500kWh).

Harm Reitsma, founder of Windcentrale, comments: 'We expected things would move fast, but nobody anticipated the run on the wind-shares that happened yesterday evening. An increasing number of people want to generate their own electricity. Solar panels aren't always an option and so wind-shares in a remote wind turbine gives everyone the chance to take matters into their own hands and generate their own clean electricity. As a result, interest in our wind-shares has been huge, and continues to rise. A good example of Power To The People!'

Related:  Canadian Geothermal Industry Seeks Crowdfunding in Absence of Government Money

Windcentrale was founded in 2010, setting up cooperatives to help accelerate the switch to sustainable energy in the Netherlands. The wind-sharers jointly own the wind turbine, and a dedicated smartphone App allows every owner to see wind speeds and electricity production levels 'real time'.

Explicitly linking patterns of energy consumption and renewable energy production is also highlighted in EnergizAIR, an Intelligent Energy-Europe project aimed at setting up a renewable energy weather forecast covering real-time production indicators for PV, solar thermal and wind turbines.

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The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada crowdfunding hub providing education, advocacy and networking opportunities in the rapidly evolving crowdfunding industry.  NCFA Canada is a community-based, membership-driven entity that was formed at the grass roots level to fill a national need in the market place.   Join our growing network of industry stakeholders, fundraisers and investors.  Increase your organization’s profile and gain access to a dynamic group of industry front runners.  Learn more eBrochure | Prezi or contact us at casano@ncfacanada.org.

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