Citizens Solar Power Plants
Meanwhile more than 20 solar power plants have been financed 100% by the people of Vienna (shares start at €50 and are limited to €10.000 per holder).
When Vienna began requiring all new buildings and building extensions add solar panels two years ago, Abrahamczik says they also felt it was important to add panels to city hall. The panels aren't visible from the ground, so the city can maintain the building's 19th century look, while cutting climate pollution.
Wien Energie is in charge of operating the photovoltaic plants. In return for their investment the co-owners of the plants receive an annual remuneration in the form of vouchers from Wien Energie over a period of five years. This community funding model benefits the environment, Wien Energie and investors alike.
Vienna's first citizens' power plant opened on 4 May 2012 on the premises of Donaustadt power station, and Wien Energie has been expediting the expansion of the model ever since. Over 30 solar and wind plants are already supplying the city with carbon-free energy.
Over 30 solar and wind plants are already supplying the city with carbon-free energy. The thousands of local investors and the continued high levels of interest in the model demonstrate the Viennese public's strong commitment to climate action.
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