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List of Terms

Renewable Energy

Renewable energy is normally defined as: energy that can be utilized at the same or lower rate then the rate at which new energy is arriving from, or flowing into, the source which is utilized. The most common renewable energy sources are the sun, wind, hydro, biomass, geothermal, tides, waves, and ocean currents.

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Renewable Energy Cooperative

The renewable energy cooperative is based on a concept which allows a group of individuals to pool their resources together in order to meet their common economic, social, and cultural needs and aspirations, through a jointly-owned and democratically-controlled enterprise. In this case generating energy from renewable sources or conserving energy. In most cases a renewable energy cooperative will take one of two forms; a service cooperative where the generated electricity or savings is used or enjoyed by the members, or a renewable energy investment cooperative where the generated electricity or the savings is sold to a third party and the profit is divided between the members.

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