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WIND CO-OPERATIVE SELLS SHARES
1 October 1994
Halmstad Energi utility on the west coast of Sweden, has established a wind co-operative for its customers, similar to that pioneered by Göteborg Energi in 1993. The utility bought and erected a turbine in an industrial area at the coast, close to the town, in June and is now selling shares in the project to its customers. The turbine, a 225 kW Vestas, is calculated to produce some 440,000 kWh a year and 400 shares are being offered of about 1000 kWh/year, for SEK 3400 each. So far, following advertisements in the local press, 250 shares have been sold, an average of two shares per member. Halmstad Energi will now invite all its 36,000 customers to become shareholders through a pamphlet it is enclosing with the next electricity bill. As soon as all the shares are sold, a co-operative association will be formed to take over the ownership of the turbine.
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