Dutch households buy turbine by crowdfunding

The wind turbine transaction facilitated by the Windcentrale raised € 1.3 mill

The wind turbine transaction facilitated by the Windcentrale raised € 1.3 mill

1,700 Dutch households jointly bought their own wind turbine by crowdfunding. Within a record time of just thirteen hours, all 6,648 shares in the wind turbine were sold. The transaction facilitated by the Windcentrale raised € 1.3 million in an astounding new crowdfunding world record.

For the next 12 years, these new wind-sharers will receive their own sustainable energy from a Vestas V80 2 MW wind turbine from 2005. In total, the Windcentrale has facilitated more than 6,900 Dutch citizens to jointly share wind turbines. Waiting lists for additional aspiring wind-sharers are accumulating rapidly. The wind-shares were sold for € 200 each and households bought single shares or blocks of shares. Next to the price of the wind-share, they will pay an annual turbine maintenance fee of € 23 per year.

Harm Reitsma, founder of the Windcentrale, comments: “We expected things would move fast, but nobody anticipated the run on the wind-shares that happened. An increasing number of people want to generate their own electricity. Solar panels aren't always an option and so wind-shares in a remote wind turbine give everyone the chance to take matters into their own hands and generate their own clean electricity. As a result, interest in our wind-shares has been huge, and continues to rise.”

The Windcentrale was founded in 2010 and aims to accelerate the switch to sustainable energy in the Netherlands. With the Windcentrale setting up cooperatives that own a wind turbine, participating wind-sharers become the joint owners of the wind turbine, and consume their own electricity. A dedicated smartphone App allows every owner to see wind speeds and electricity production levels in real time.

Katharina Garus