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12/17/08

AFP: In breezy Britain, wind farm cooperatives take off

For the complete report from AFP click on this link

In breezy Britain, wind farm cooperatives take off

With annual returns of 10 percent coupled with low risk, wind farm cooperatives are drawing growing numbers of investors in Britain -- good news for Europe's hopes to lead the world in renewable energy. Along with being a safe investment during turbulent economic times, the cooperatives are drawing interest from those concerned not just with global warming and climate change, but also with energy security. "It's not only a climate issue, but it's also a problem with energy supplies," Clive Burke, a shareholder in the Westmill cooperative near Swindon, southwest England, told AFP. "We are exceeding the ability of our planet to support our energy needs."

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