On Tuesday, the energy cooperative EKR inaugurated their second photovoltaic project.
Energieauer.lu, Klimaagence’s platform for tracking Luxembourg’s energy consumption, shows that only 18% of the country’s electricity is produced locally from renewable sources, underscoring the need to expand eco-friendly, homegrown energy.
In response, the government held an "Energy Roundtable" on Wednesday to discuss potential actions.
Every initiative counts
Two years ago, in the canton of Remich, representatives from seven municipalities joined forces with Leader Miselerland to create the energy cooperative EKR. Recently, EKR inaugurated its second photovoltaic project in Mondorf. Photovoltaic technology uses a nonmechanical device that converts thermal energy into electricity.
Mike Molling, President of EKR.lu, explained that the cooperative's first 30-kilowatt-peak installation was set up at the Boulodrome, followed by the second 68-kilowatt-peak project, both in Mondorf. The strong support from Mondorf’s municipal council made it an ideal location for launching these initial projects.
Members' investments
The latest project was funded with €80,000 contributed by the cooperative’s 90 members, and EKR has identified several potential installation sites in Remich canton, from the port in Schwebsingen to local schools and the church in Canach.
The aim is to collect more funding
The initiative primarily aims to engage the approximately 25,000 residents of Remich canton. “The smallest investment is €100, which I think most people could afford,” says Gérard Wilems, a cooperative member. “We’re grateful to those who choose to invest more, of course, but this low entry point enables everyone, including people in apartments where other apartment residents may not be interested in renewable projects, to support and benefit from green energy.”
Similarly to buying shares, investments should lead to returns over time
Structured like a share investment, EKR aims for returns on investments within five to seven years, allowing participants to contribute to the energy transition in the short term while reaping financial benefits over time.
Economy and Energy Minister Lex Delles highlighted the progress, "Last year saw around 3,000 new solar installations, and this year’s figures suggest a record in 2024."
In Delles's hometown, new electric car charging stations, some powered by the cooperative’s thermal energy projects, were recently inaugurated.
