The term "REScoop" refers to energy cooperatives, a business model where citizens jointly own and participate in renewable energy or energy efficiency projects. Many don't have the legal statute of a cooperative, but operate like one. In 2022, REScoop had 1.900 cooperatives as members, operating across Europe, jointly representing over 1,25 million citizens.
The advantages of REScoops are as follows.
- Keep money in local economies and benefit local communities. Revenues from renewable energy projects often finance energy efficiency measures in public buildings.
- Foster social acceptance for renewable energy
- Help keep individual investment affordable
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