As the renewable energy industry matures, community benefit sharing is becoming increasingly commonplace as a means to integrate renewable energy developments into local communities in ways that are positive, rewarding and beneficial for both project proponents and local communities.
This guide includes strategies and case studies on different forms of benefit sharing, including:
- neighbourhood benefit programs
- the creation of grant funds
- innovative financing methods that enable community co-investment or community co-ownership.
It also discusses benefit sharing strategies that go beyond making cash-based contributions, such as:
- creating impact through regional economic development approaches (e.g. local jobs and contracting)
- in-kind contributions (e.g. employee volunteerism)
- partnership benefits (e.g. industry capability networks and education opportunities).
The guide is intended as a practical tool to assist project proponents, financiers, policy makers and communities in understanding the range of benefit sharing methods available.