The Community Renewable Energy project, launched in east Tyneside on 2 February, will advise fledgling renewable energy organisations on how to generate sustainable, low-cost energy supplies.
In return, CoRE, itself a social enterprise, will hold a stake in the enterprises it sets up and will use the income to create more sustainable energy organisations.
"Advice for social enterprises, is often not enough on its own," said Keith Richardson, director of the Inspire project at NESEP.
"Setting up renewable energy suppliers is complicated. Organisations that do it by themselves will use the knowledge only once, whereas we will develop the expertise and use it again. It's an economy of knowledge."
Stephen Byers, the MP for North Tyneside, said the scheme was an "immensely sensible" solution to climate change.