Vienna’s Citizens’ Solar Power Initiative

Vienna’s Citizens’ Solar Power Initiative

Very cool: “Shares in the Vienna Citizens’ Solar Power Plants can be acquired by any private individual living in Austria. Wien Energie is in charge of building the turnkey photovoltaic systems and operating them. Citizens can buy whole or half panels at a price of EUR 950 or EUR 475 respectively. Wien Energie rents the panels from the individual purchasers, who then receive an annual profit of 3,1 per cent on their investment. The annual “rent” is paid directly to their accounts once a year. Once the service life of the plant ends after approximately 25 years, Wien Energie repurchases the panels, and the amount originally invested is returned to the citizens.”

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