The Samsoe story began in 1997 when the late Sven Auken, who was then Minister for Environment and Energy, challenged five Danish islands to reduce their use of fossil fuels and transition to clean energy. Samsoe won the contest and within a decade, using proven technologies, became independent of the mainland by relying almost entirely on renewable sources. By 2015, the island was carbon negative- an achievement both inspirational and impressive. However, perhaps even more significant, Samsoe accomplished this feat largely with their own financing. Initially, the island received a grant of approximately $100,000 for a study to devise a project plan. Thereafter, the Energy Academy developed an investment plan, ownership structure and drew up a budget. They contacted banks and credit institutions and presented the plan to the community. Working from project to project, the community invested nearly $80 million in renewable energy technologies. The islanders own the wind turbines – one turbine may be owned by one or several people and they can compare the amount their turbine is producing against someone else’s.
ACORE 26th Jan 2016 read more »