Community-owned and Operated Facilities
Community-owned and operated renewable energy generation facilities play a significant role in sustainable economic development, environmental sustainability, job creation, and skills and capacity development. The construction and operations jobs and the long-term economic benefits created by clean energy facilities remain in the local community. The revenue or savings (displacement of diesel-generated electricity) achieved from renewable energy facilities can allow a community greater financial control and improve the quality of its overall economic and social development portfolios. Renewable energy projects are environmentally sustainable, low impact facilities that generate clean electricity, deriving long-term benefits from natural resources without depleting or degrading them.
Project Development Phases
Renewable energy project development is a highly technical, multidisciplinary and complex process. In order to be viable, projects must be able to achieve regulatory approval, have a long-term energy market, and be economically viable. Project development is an iterative process, whereby risks are reduced at each stage as investment increases. As information is collected and analyzed, the technical, financial, and regulatory viability of the project is tested and confirmed before proceeding to the next stage.