The MADIE project published a booklet which highlights the economics and organizational aspects of small local heating energy supply schemes set up in rural regions as a market-driven business by their owners for earning them a profit and, apart from private self-interests, for promoting the social claims of their stakeholders.
The booklet tells about the Finnish experience in co-operative partnerships, especially in small forest-based local heating energy businesses. Start-up entrepreneurs and their partners need inspiration and guidance in how to establish and operate their business successfully. Besides technical and market information, for starting and organizing a business, multifaceted upfront information is needed. Here, decisions as to the legal form, ownership, liabilities, participation rights and selecting the right partners, are crucial for the continuity of the business. There is a need for arguments that help persuade stakeholders about the legitimacy of the business and related social benefits.
The booklet addresses, among others, forest owners, rural entrepreneurs and their public stakeholders. Policy makers have been attracted by a business model that meets the triple bottom line: by offering an attractive return to investment, providing support to renewable energy transition, and creating jobs and income in rural economies. Co-operatives have been able to demonstrate to be a convenient participatory model of organizing joint business activities.
The booklet, with its focus on renewable energy co-operatives, contributes to the outcomes of the MADIE-project, an initiative supported by the European Union’s Erasmus programme, which offers a comprehensive range of views on multifunctional agriculture as a driver for innovation in rural Europe.
MADIE is funded by the Erasmus+ Programme of the European Union and coordinated by the German Starkmacher e.V. with partners Natural Resources Institute Finland (LUKE, Finland), County Governor of Hordaland (Norway), NAK Nonprofit Kft. (Hungary) and Terre di loppiano srl (Italy).
The booklet is available in English and also in Finnish (as summary report from the English version).
Information gained during the MADIE project are beneficial also for the GREBE project and are supporting the activity towards a guideline supporting enterprises in introducing new to market energy solutions.