The Co-op is giving £1million to renewable energy projects run by local communities. The Co-op Challenge will offer money and support to six to eight projects for renewable energy.
Run by Bristol-based charity the Centre for Sustainable Energy, the scheme takes its cue from European projects, according to Paul Monaghan, Head of Social Goals at The Co-operative.
He said: “If you look at other countries such as Germany it is clear that the relationship between people and energy is completely different than it is in the UK. We want to change it from one where people are at the mercy of large profit-making energy providers to one where they control, generate and benefit from their own energy supply.”
The Co-operative’s banking arm has already committed to invest £1 billion in renewable energy by 2013.