To participate in the crowdfunding, visit Universitetets Energifællesskab’s website.
The energy community is set up as a solar cooperative (Universitetets Energifællesskab F.M.B.A or UEF), which owns the rooftop solar installation. The cooperative sells the electricity that is produced by the solar installation to Aarhus University at a fixed price, and members of UEF get economic returns every year.
Since it is a cooperative, citizens in Aarhus, especially students and staff at AU, can buy one or more shares and become co-owners. Every year, based on the shares you own, you get economic returns.
We understand that students probably do not have huge savings so we try to make it affordable to everyone. The cost of one share will be equivalent to the cost of 100W solar rooftop system (approximately 800-1000 kr*). Wouldn’t it be cool, that by investing 1000 kr, you get to own a solar panel that is installed on the rooftop of a building on campus, and you get yearly economic returns for the next 25-30 years?
*The price is indicative.
It depends on how much electricity is produced and sold in a year, and of course on how many shares you own. On average, 1 kW solar system generates between 800-1000 kWh of electricity in a year in Denmark. We estimate that it will take between 10-20 years to recover the initial crowdfunding cost, while the life time of the installation is expected to be at least 25 years.
The site for the crowdfunded rooftop solar installation is Nobelparken. It houses a number of studies from the Faculty of Arts. A preliminary analysis suggests more than 90% of the electricity produced by the installation can be used on-site, and the rest can be sold to the grid.