by Frank Schnittger
Tue Nov 11th, 2008 at 09:20:53 AM EST
NB In view of comments below I affirm that this Diary does not solicit money or any service. It is purely for the purposes of information and discussion. No intellectual property was harmed in the writing of this diary.
This started out as a comment inspired by What Happens If Wind Energy Gets Successful in the U.S.A.?
This is probably a really stupid comment, but would it be an idea for ET to sponsor a wind-turbine - somewhere where feed in tarifs are available - and where start-up capital requirements are minimal. Most of us here aren't exactly rich, but we do need to provide for our futures/pensions etc. and so a Chris Cook style cooperative whereby we jointly sponsor and fund a turbine would have a definable long term return. I have to invest for my pension anyway - and would much rather do it for something positive rather than in speculative shares or "financial products". How about an alternative sustainable energy investment fund?
To which ChrisCook:
A little thought as to legal structure is necessary (mustn't be in breach of financial services law) but I don't think that's much of a problem with a partnership framework agreement, actually...
and (in his usual understated way) THE Twank:
Me likey! Where do I sign up?
I'm happy to post a short lead in piece, but I would need Chris, Jerome and Crazy Horse to provide the major legal, financial and technical inputs.
So how about it guys. Could this be a realistic, doable and reasonably secure project for people who don't have the funds (and the inclination) to engage in speculative investment or to enrich the coffers of ravenous high overhead financial institutions but are prepared to put their meager savings into a responsible project offering a small but reasonable return? If banks no longer have the capital to fund such projects, can we help fill the vacuum?
I'm prepared to put a not inconsiderable (for me) amount into such a project to get it off the ground. If it works, we can always add a second turbine...
So how about it Jerome, Chris and Crazy Horse? You're the experts. As you know I get impatient when we just talk. Is this a project we could all get our teeth into and actually deliver in a reasonable space of time? I am instructed by: THE Twank:
Well get 'em out of bed, fer Christ's sake! :)
Perhaps this has all been thought of and discussed before, but where would the world be without naive enthusiasm? This project could harness the wealth of expertise, if not actual wealth in cash, in this community. It would give us a focus and a tangible presence in the real world. I look forward to a future meet-up taking places in the shadow of a Vespa. We could create enough hot air to keep it going on a calm day!