Section outline

  • The "Centrales Villageoises" is a national French framework, but the case of Val d'Eyrieux is an excellent Mediterranean application. This model aims to create a network of small, citizen-owned local companies to develop photovoltaic installations on rooftops.

    The Financial Model:

    The financial heart of this model is direct citizen investment, where participants are not just members but true shareholders.

    ·    Widespread Shareholding: The main source of capital comes from selling shares to citizens, local businesses, and public authorities. With over 7,250 shareholders across the network, this approach guarantees significant initial capital and, most importantly, a very strong sense of belonging and democratic governance.

    ·       Reinvestment of Profits: A key principle of the model is that the majority of profits generated from selling energy are not distributed as dividends but are reinvested back into the community to develop new projects or services. This creates a virtuous cycle of self-sustaining growth.

    ·       Complementary Sources: While citizen shareholding is the pillar, the model is supplemented by public funds and private financing (like crowdfunding) for larger-scale projects.

    The Centrales Villageoises represent the "community finance" model par excellence, where capital is not just a tool but an integral part of the REC's social fabric and mission.