Empowering Communities Through Collective Energy: COEN’s first PV Park and Energy Sharing Model

The Greek RESCHOOL demonstration site takes place in the Attica region, between Athens and Rafina and is led by Collective Energy (COEN). They are a cooperative that is committed to delivering sustainable and equitable energy solutions to its members and the local community. The overarching ambition of this initiative is to promote the concept of collective self-consumption, a pioneering community endeavor that is meticulously tailored to meet the electricity demands of participating households, including those belonging to vulnerable residents.

In an era marked by unprecedented environmental urgency, COEN recognizes the imperativeness of dispelling outdated notions and practices that have traditionally regarded energy as an inexhaustible and inexpensive resource. To address this challenge head-on, COEN places paramount importance on its multifaceted approach, which revolves around education, training, and proactive support for its members and the local community.

The Heart of the CoEn Project: A 100kW Solar Power Plant

At the core of the CoEn project is a 100kW solar power plant operating under the framework of collective self-consumption facilitated through Virtual Net Metering. This solar facility is anticipated to produce 145 MWh annually, covering the energy requirements of the community while contributing to the betterment of society. The benefits of this solar plant extend far beyond clean energy generation, as it serves as a shining example of innovation and community empowerment.

The Energy Sharing Model

Collective self-consumption lies at the heart of CoEn’s transformative energy sharing model. It’s a concept that exemplifies the power of community collaboration and renewable energy generation. The energy generated by the community’s solar power plant is collectively shared among its members. Each member’s energy consumption is directly linked to their share of the project. This means that if you own a certain percentage of the solar installation, you are entitled to a corresponding percentage of the energy produced.

Let’s take a hypothetical example: Imagine a tight-knit community in Greece with 50 members who collectively own a 100 kW solar power plant. Each member’s share is proportional to their investment in the project. Member A, who contributed more, might own 15% of the installation, while Member B, with a smaller contribution, might own 5%. When the solar power plant generates electricity, it’s distributed accordingly. Member A is entitled to 15% of the energy produced, and Member B receives 5%.

The benefits of the solar plant are extended to vulnerable households, offering them access to clean and affordable energy. This is made possible by the legislation under which COEN is established and this business model is one of the first applications in Greece.

Key Features of the Energy Sharing Model:

  • Inclusivity: CoEn leaves no one behind. By providing clean energy to vulnerable households, it ensures that the benefits of renewable energy are accessible to all members of the community, regardless of their socio-economic status.
  • Affordability: The energy sharing model not only promotes sustainability but also addresses the issue of energy affordability. Vulnerable households can reduce their energy bills while reducing their carbon footprint.
  • Community Building: CoEn fosters a sense of community by encouraging cooperation and mutual support among its members. It strengthens social bonds and creates a more resilient local community.
  • Environmental Impact: By reducing the reliance on conventional fossil fuel-based energy sources, CoEn’s energy sharing model significantly contributes to reducing greenhouse gas emissions and combating climate change.

Our First Project is in Progress!

Construction works on the CoEn’s first solar project are progressing rapidly. The project has been licensed and is expected to be completed within the next couple of months. Once completed, it is expected that more than 40 households and small businesses in Attica will benefit through the virtual net metering process.

This is a significant milestone for the Community and a testament to the hard work and dedication of everyone involved. It is also a major step towards the Community’s goal of reducing the energy costs of households and small businesses in Attica.

COEN solar park and energy sharing model is a pioneering example of how communities can come together to transition to a more sustainable and equitable energy future. The project is a testament to the power of collective action and the potential of renewable energy to create a better world for all.

If you are interested in learning more about COEN or the energy sharing model, please visit the COEN website or contact the COEN team.