Brupower, a Brussels-based renewable energy cooperative, is seeking to raise €800,000 by the end of 2024 to fund the expansion of solar power projects across the city.
Founded three years ago, Brupower allows citizens to participate in renewable energy initiatives and provides cheaper solar energy directly to members.
The cooperative operates within the framework of Renewable Energy Communities (RECs), a concept defined in the EU’s 2019 Renewable Energy Directive, which enables citizens to pool resources and invest in renewable energy projects.
Brupower’s primary goal is to offer affordable, locally produced solar energy to its members, shielding them from fluctuations in global energy markets.
Earlier this year, Brupower completed its first milestone project at DoucheFLUX, an association that supports homeless people in Anderlecht.
The installation of solar panels on the roof of DoucheFLUX allows the facility and nearby homes to purchase solar power at 20-30% below market rates, marking the first REC solar panel installation in Brussels.
The cooperative has already raised over €550,000 from more than 300 members and has nearly 40 other solar projects planned.
One of the largest projects is a collaboration with the municipality of Saint-Gilles, where 550 solar panels are being installed on five municipal buildings.
Brupower is now aiming to expand its reach, and the funds it raises will be directed towards acquiring more roof space for solar panel installations.
Brupower’s business model focuses on social impact rather than profit. It offers lower, stable electricity rates compared to traditional energy suppliers, allowing cooperative members to save between €50 and €100 annually.
Members can join the cooperative with a minimum investment of €50 and sign an energy-sharing contract, allowing them to purchase solar energy generated by Brupower’s panels when available, while still receiving electricity from their usual supplier during times when solar generation is low.
Brupower’s board member, Stanislas D’Herbemont, emphasized the need for further roof space and financial investment to scale up operations.
“We need more roofs and more capital to continue expanding and providing affordable energy to Brussels citizens,” he said.
The cooperative is committed to increasing its capacity and hopes to further contribute to the city’s renewable energy goals in the coming year.
