Innovative financing model for energy efficiency: Pajopower

Pajopower is a renewable energy sources cooperative (REScoop) based in Flanders, Belgium. The cooperative issues shares and invests in renewable energy and energy efficiency projects in two regions south of Brusels. Pajopower reaches out to local citizens and municipalities and helps them improve the energy efficiency of their houses and buildings. Additionally, it teamed up with the city of Halle, Belgium, to replace traditional public street lights by LED.

Pajopower is a prime example of REScoop that can inspire citizens and serve as a model for groups interested in establishing their own energy community. This case study report outlines its financial model, partnerships with the local municipality and other organisations, and the project outcomes.

The document is an excerpt of the publication ‘Increasing capacities in Cities for innovating financing in energy efficiency‘ released by the CITYnvest project. Similar analyses of two other cooperatives are available on the Energy Community Platform: Ecopower and Brixton Energy Coop.