Yes, for three reasons.
Firstly, it takes just a few months for a wind turbine to generate the amount of electricity needed to produce, deliver, install and (many years later) recycle itself. From then on, all the energy the turbine produces is emissions-free. then produces green energy between 20-25 years.
Secondly, all parts of a wind turbine can be recycled, meaning that wind energy results in little to no waste. However, the blades, which are usually made from fibreglass, can only be reused as low-grade materials such as fencing and concrete fillers.
Lastly, almost no other energy technology emits as little CO2 (per kWh of generated energy) as wind turbines. Solar power, hydro power, nuclear energy and biomass power (to say nothing of fossil alternatives) all emit greater amounts of greenhouse gases.
Wind turbines are each equipped with an ice-detection system. As soon as this system detects a potential formation of ice, the turbine is automatically switched off. When weather conditions improve, a technician first comes to check in-person whether any ice has built up on the blades. This prevents ice shedding and ice throw.
Almost all types of energy production are subsidised. Wind energy is no exception. It is a relatively new technology, with the development of more efficient turbines is in full swing. As wind energy technology becomes more profitable, so do public subsidies become phased out.
Yes. Our capital increases consist of two different phases. Firstly, there is a priority period during which local residents (selected according to postcode) get to buy shares. After that period, other interested parties also get the opportunity to invest, until the capital target has been reached.
While minor member-owners cannot cast their vote directly, they can be represented by a parent or guardian. During registration at the General Assembly, individuals voting on their behalf will need to present a completed and signed proxy form for minors. There is no limit on the number of minors a guardian or parent may represent, meaning one individual can represent all their children at the General Assembly.
Yes, provided that person is a member-owner of Eoly Cooperative. No proxy holder may represent more than one other member-owner. During registration at the General Assembly, they will need to present a completed and signed proxy form.
Cooperative shares are not subject to securities tax. Shares in cooperative companies are registered in the name of the shareholder, so there is no need to take them into consideration should you also own a securities account.
No. Legal entities are not exempt from withholding tax. Just like with private member-owners, Eoly Cooperative declares the dividend before distributing it as a net sum, minus 30% withholding tax. The deducted withholding tax is paid to the state and cannot be recuperated.
Parents enjoy legal rights over the moveable income of their children. In most cases, the parents will therefore need to declare the dividends in their own tax return. If there are two parents, both will need to add half of the dividends of each minor to the dividends they themselves have received. If only one parent has legal rights over the children’s income, they alone will need to declare the minors’ dividends in their tax return.
Up until the end of 2017, dividends on cooperative shares were exempt from taxes up to an amount of €190 per taxpayer per year. This exemption can be claimed via your personal income tax. In practice, Eoly Cooperative declares the dividend before distributing it as a net sum, minus 30% withholding tax. The deducted withholding tax can be recuperated by declaring it in your tax return as long as the maximum exemption amount of €640 has not been exceeded.
