• What is a REScoop?

    REScoop is short for renewable energy cooperative, and refers to a business model where citizens jointly own and participate in renewable energy or energy efficiency projects. We also refer to REScoops as community power or community energy initiatives.

    REScoops do not necessarily have the legal statute of a cooperative, but rather distinguish themselves by the way they do business. They typically respect 7 principles that have been duly outlined by the International Cooperative Alliance:

    1. Voluntary and Open Membership
    2. Democratic Member Control
    3. Economic Participation through Direct Ownership
    4. Autonomy and Independence
    5. Education, Training and Information
    6. Cooperation among Cooperatives
    7. Concern for Community

    All citizens are eligible to join a REScoop. After purchasing a cooperative share and becoming a member or co-owner of local RES and EE projects, members share in the profits and often are given the opportunity to buy the electricity at a fair price. In addition, Members can actively participate in the cooperative: they can decide in what and where the REScoop should invest, and are consulted when setting the energy price.

     

    REScoops are not the same as financial cooperatives (FINcoops). The latter also issue shares to finance renewable energy projects, but unlike REScoops, the members of a FINcoop do not own the projects themselves. Projects are typically owned by a private company that receives a subordinated loan from the FINcoop. As a result, FINcoop members are exposed to a considerable financial risk. As a federation, we support the model with direct citizen participation because we believe that it fosters social acceptance for renewable energy.

  • Benefits

    REScoops are leading the energy transition to energy democracy, and make it possible for citizens to actively participate in renewable energy and energy efficiency projects. The REScoop model has many advantages. The most important ones are listed below.

    REScoops foster social acceptance for renewable energy

    Local opposition to renewable energy projects (typically wind turbines) decreases when citizens are given the opportunity to invest in and co-own the production installations. This is especially true when local citizens are involved from the very start of the project. Stakeholder involvement and direct citizen participation foster social acceptance for renewable energy. Local citizens not only share in the profits, they also have access to clean energy at a fair price

    REScoops keep the individual investment affordable

    Not everyone has a roof suitable for solar panels, nor does everyone have the financial capacity to make such an investment. REScoop production installations are typically owned by a large group of citizens, keeping the individual investment affordable.

    REScoops benefit the local community

    REScoops have a clear concern for the community. They usually share part of the profits with their members and use the rest to develop new projects or benefit the local community as a whole. Some REScoops for example have financed the construction of a local sustainable concert hall, while others erected a charging point for electric bicycles. Thus, all citizens benefit from the projects and the profits that they generate.

    REScoops take action on energy efficiency

    The revenues that result from renewable energy projects are often used to finance energy efficiency measures in public buildings. Some REScoops have paid for insulation material for public buildings, while others pay the wage of a local energy expert who helps citizens and the local municipality improve their overall energy efficiency.

    REScoops keep money in the local economy


    REScoops use local energy sources and include local citizens. Thus they keep money within the local community that would otherwise be lost. In addition, REScoops stimulate local employment and boost the local economy.

     

    Watch the REScoop video to see how the citizens of Sifnos keep money in their local economy.

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Privacy Policy

This policy explains when and why we collect personal information about people, how we use it and how we keep it secure.

By using our website, you are accepting this policy. If you have any questions about this Privacy Policy, please contact us by sending an email to sara.tachelet@rescoop.eu, by writing to REScoop.eu, Posthoflei 3 bus 3, 2600 Berchem, Belgium, or by giving a call to +32493400935.

Who are we?
REScoop.eu is the European federation for renewable energy cooperatives. We are a growing network of 1,500 European REScoops and their 1,000,000 citizens. REScoop.eu is a non-profit association under Belgian law (n°0543.579.288). The registered address is Avenue Milcamps 105 - 1030 Brussels – Belgium.

REScoop.eu is committed to protecting and respecting your privacy.

How do we collect information from you?
We obtain information about you when you use our website, for example, when you contact us to ask a question or gain more information about our activities, when you enter the details of a community energy project for the interactive map on our website, or when you subscribe to receive our monthly newsletter.

What type of information is collected?
The personal information we collect might include your name, the organization you work for, the website of that organization, email address, IP address, addresses of community energy projects (map) and information regarding what pages you access on our website, and when.

How is your information used?
We may use your information to:
-	send you a monthly newsletter which you have requested, including information that has a direct link with our network’s activities.
-	send you an invitation for one of our on- or offline events, in case you gave your consent to receive invitations to events, webinars or other REScoop.eu related activities.
-	share specific information with you in case you requested this information (contact form)
-	build a dynamic interactive map that identifies groups or cooperatives of citizens working on renewable energy, energy efficiency, e-mobility, and other energy-related activities across Europe.

Who has access to your information?
We will never sell or lease  your information to third parties. Furthermore, we will not share your information with third parties for marketing purposes. As part of our work, however, we might carefully share personal information between different parties within the REScoop.eu network, in order to facilitate the exchange of knowledge and experience. We use IT-solutions of third parties such as Mailchimp, Strikingly and Basecamp. Each of those parties has committed to be compliant with the GDPR-regulation .

Links to other websites
Our website may contain links to websites run by other organisations. This privacy policy applies only to our website‚ so we encourage you to read the privacy statements on the other websites you visit. We are not responsible for the privacy policies and practices of other sites, even if you access them using links from our website.

Security
When you give us personal information, we take all necessary steps  to ensure that it’s treated securely, but remember that no method of transmission over the Internet, or method of electronic storage, is 100% secure. 

Your preferences
You have a choice about whether or not you wish to receive information from us. At any time, you are entitled to check and correct your personal data that is stored by our organisation. 
You can change your communication preferences at any time by contacting us by email: sara.tachelet@rescoop.eu  or telephone on +32493400935.

Review of this Policy
This Policy was last updated on 14 May 2018. We are entitled  to review this policy on a regular basis. We encourage you to visit and review this Privacy Policy periodically to ensure you agree with any changes or updates. We will post our revised privacy notice on our website and update the ‘Revision Date’ to reflect the date of the changes.