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SCHOOLS INVEST IN CO-OPERATIVE TURBINE
1 May 1996
Two schools in the village of Önnestad in Skåne have invested SEK 300,000 in a co-operative wind turbine for the right to use it for "information and education." The investment represents 20% of the project's cost, but the school is not asking for a share of the profits, preferring to take the role of sponsor. The Vestas V29/225 kW unit is sited inland where winds are not so good. Without the school's sponsorship the community project would not be financially viable. Investors will receive an 8% return. The Önnestad project is the first in Sweden to be developed with such sponsorship.
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