Harnessing the Power of Community: A Renewable Energy Success Story

Discover how one Danish town raised €23.5 million to own its own power.

James Powell
March 10, 2024
8 min read
Harnessing the Power of Community: A Renewable Energy Success Story
Success Story

Harnessing the Power of Community: A Renewable Energy Success Story

Discover how Thyborøn, Denmark built Europe's largest community-owned wind project, raising €22.8 million and creating a model for sustainable energy communities.

What if your community could own the power it uses? In Denmark, one town has proven it's possible. Communities are leading the charge towards a sustainable future through innovative renewable energy projects. By joining forces, local communities aren't just adopting and owning renewables, they're revolutionizing the energy landscape.

Passionate People

For Thyborøn their journey began many years ago when a group of passionate individuals came together to install four 90kW wind turbines. Their approach was and remains effective: secure land agreements, engage local contractors, foster strong relationships with turbine manufacturers like Vestas and Siemens, and most importantly - give the community an opportunity to invest and own their share of the project and its future impact. This strategy not only ensures smooth project execution but also strengthens community bonds.

The Thyborøn wind turbine, the largest community-owned wind turbine in Europe The Thyborøn wind turbine, the largest community-owned wind turbine in Europe

This community-driven approach has become a model for success across Denmark and beyond.

Financial Model

What sets this approach apart is the financial model. Funded by the community in Thyborøn, they eliminated the risk of high interest loans. Shares are affordably priced, representing a portion of annual production, making them accessible to a diverse range of age groups. This approach has garnered widespread support, with the latest project at 15 MW capacity (big! - enough to power 15,000 homes) raising 170 million DKK (€23.5 million) within the local municipality alone.

Reflecting on the journey, one of the community leaders of both the original and most recent projects, Jens Jørgen Birch remarked: "The best thing is when this turbine is running, and you see the impact on the community—it's truly rewarding."

Into the Digital Age

This model works—but until now, it has relied on localized efforts. Orklys is changing that. By creating a platform that streamlines this process and connects investors directly to community-led projects, Orklys will make it easier for more people to take part in the clean energy transition. "We saw how these projects thrive when communities have ownership," says James Powell, co-founder of Orklys. "Our goal is to take this proven model and help scale it across Europe, making renewable energy accessible to all."

"The best thing is when this turbine is running, and you see the impact on the community—it's truly rewarding."

— Jens Jørgen Birch, Community Leader

Key Success Factors

The success of community-owned renewable energy projects like Thyborøn's can be attributed to several key factors:

  • Strong local leadership - Passionate individuals who can rally the community
  • Innovative Financial Model - Community ownership eliminates high-interest debt
  • Transparent communication and regular updates - Keeping the community informed and engaged

Conclusion

These renewable energy projects are a testament of what's possible when communities take control. By taking ownership of their energy needs, the communities are not only contributing to a greener future but also setting a truly inspirational precedent for others to follow.

Harnessing the Power of Community: A Renewable Energy Success Story | Orklys