Abstract & Overview
Wind power is a renewable energy source that has undergone a complete change since the end of the 1970s although it has been used as a source of energy for thousands of years. With the development of electric power, wind power found a new application in lightning buildings remote from centrally generated power. The readers of this research will gain knowledgebase in wind energy and the financial scheme in Finland as well as in co-operative business model. This research will answer questions like how the wind energy co-operative works, what are the subsidies that co-operative wind energy company gain before and after the establishment, and also, extend their knowledge about the business models in Finland. This thesis converse the problem of what subsidies a co-operative wind energy company can gain in Finland. To achieve this, a web-based questionaire was carried out and members of three different financial institutes in Finland were interviewed to collect information to draw up a financial scheme. A conclusion is presented at the end of the research study. The results of the study show that a limited company and co-operative business models are the most favourable ones when establishing wind energy business in Finland. The advantages of a limited company are clear with corporate covernance practices while, on the other hand, the co-operative members manage the co-operative together and democratically. Also, the results show the institutes that provide services to assist those who are interested in the co-operative business model and its finances. A co-operative business model attracts the small investors for the reasons stated above. The members manage the co-operative together and democratically.