Green Planet Energy (formerly named Greenpeace Energy) is a German electric utility in the form of a registered association. The stated goal of the cooperative is the provision of environmentally friendly energy to the electrical grid.
As a founding member of the association, Greenpeace e.V. holds only five shares at €55 in the cooperative, otherwise the environmental group and the company are financially and legally independent, although they share the same office building in Hamburg. The former use of the Greenpeace name was licensed under the condition that the energy cooperative met the Greenpeace e.V. quality criteria for "clean energy".
In 2021, after a significant media controversy on its fossil gas sales, Greenpeace Energy changed its name to Green Planet Energy in order to clarify the independence of the two separate entities Greenpeace e.V. as an NGO and Green Planet Energy.
Formation
In 1998, Greenpeace Energy started a renewable energy initiative called "power shift". There, consumers could choose to switch to a green electricity provider. As more and more consumers agreed to switch to an environmentally friendly provider, Greenpeace found no electricity provider that met all the criteria for environmental sustainability and that was able to supply the increasing demand for sustainable energy. As a solution, Greenpeace Energy was founded in 1999, as an energy cooperative that provides 100% of its electricity from renewable sources. The areas of network management and energy billing originally were not adopted by Greenpeace Energy itself but by its affiliate company, Stadtwerke Schwäbisch Hall, as a service provider. In December 2017, Greenpeace Energy took over those services from Schwäbisch Hall and now manages them itself.
The Cooperative
Green Planet Energy chose to establish itself in the legal form of a registered cooperative (eG). The motivation for this decision was that it allows Green Planet Energy to be independent of banks and major shareholders and build equity on a wide base of shareholders to offer as well as favorable current. Therefore, until 2015 no returns were distributed to the shareholders. For 2020, distributions per share were 1.5 per cent.
Membership in the cooperative is formally dependent on the current reference - according to the statute, a cooperative member who "does not cover their demand for electrical energy supplies through the Cooperative" may be excluded. This right part of the cooperative is expressly not perceived, what results are based on the fact that some members of the cooperative power of Green Planet Energy can not relate. A cooperative member has at least one, and since October 2019 new members can hold a maximum of two hundred shares of €55 each. Members who joined the cooperative earlier may hold up to 400 shares. As usual with cooperatives, each member has only one vote at the General Meeting, regardless of the number of shares. In this way, a takeover, or any interference by large investors is excluded. By its own admission, the cooperative explicitly does not pursue the goal of maximizing profits.
From the border of 1,500 members occurs a representative assembly in place of the General Assembly. Fifty elected representatives of the members then represent the rights of the members. Since Green Planet Energy has significantly more members every four years, representatives are elected (the last election was 2019). The selection of representatives is made by a selection committee. The tasks of Representatives correspond according to cooperative law duties of the General Assembly: members can vote on motions, elect or discharge the Supervisory Board and the Management Board or released and vote on their workload, and decide on the distribution of any surplus.
Greenpeace criteria for clean energy
Green Planet Energy works on the basis of the "Greenpeace criteria for clean energy." The determination of these criteria was carried out by the Greenpeace e. V., an adaptation to the market conditions was last held in November 2017.
Fossil gas controversy
Since 2011 Green Planet Energy has been selling the proWindgas product which was initially 100% imported fossil gas, and the company promised a gradual increase in the proportion of hydrogen generated from excess renewable energy. As of 2020 the share of hydrogen mostly oscillated below 1%. Sales of 99% fossil gas presented as “eco-gas” have been criticized as contradictory as well as "greenwashing" of Russian gas. In 2021 the company added further 10% of biogas, resulting in a mix of 1% hydrogen, 10% biogas and 89% fossil gas and declared it plans to replace all fossil gas by 2027.