Community wind turbine in Vép Közösségi szélerőmű Vépen

In Vép, Hungary’s first community wind turbine project was initiated. A few enthusiastic people (some of them locals) came up with the idea of investing in a wind turbine in Vép, a village near the Austrian border. The investors’ aim was not to make profit for themselves but to create value for the village, enhance its economic potential, and do good to the community of inhabitants. They handed over 20% of the ownership to the local municipality and created the possibility for locals to become co-owners. The original investors only wanted to keep 35% of ownership. Unfortunately, current legislation has prevented further development of the wind farm, but the current single turbine will certainly be in operation until 2030.