If all this political talk of energy issues and the merits (de-merits) of the Green Energy Act has you wondering ‘what’s in it for me’, or perhaps you’re just keen, like so many of us, to put your investment money where your mouth is, then have I got the thing for you. After several years of development effort, TREC/SolarShare is thrilled to announce the launch of our Community Solar Bonds!

With a portfolio of over 600 kW, SolarShare is the largest solar PV co-op in Canada and second largest in North America. That’s pretty exciting, but beyond the superlatives, there are more significant reasons to celebrate and get involved. The SolarShare project, like so many grassroots, community-led energy initiatives was a long time in the making and its success dependent on a deep-rooted commitment and conviction by a myriad of actors all coming together in the province of Ontario to build community owned power under the province’s 2009 Green Energy Act.

SolarShare is about people coming together to invest in a local resource that can power their lives, allowing them to build it, run it, work for it and profit from it. Our Community Solar Bonds deliver 'triple bottom line' returns, creating economic, social and environmental benefits. The bonds earn 5% annually over a 5-year term. They are invested in solar power projects that generate clean renewable energy, reducing our greenhouse gas emissions and supporting local employment in Ontario's emerging clean energy industry. After becoming a member of the SolarShare Co-op, you can invest in our solar projects by purchasing a bond.

SolarShare was created by TREC Renewable Energy Co-op in January 2010 in order to purchase, own and operate solar PV installations across the province. With the introduction of Ontario's Feed-in Tariff (FIT) program, TREC saw an opportunity for individual Ontario residents to benefit from these incentives by investing in a co-op that develops renewable energy projects.

SolarShare privately raised bridge financing totalling over $3.7 million in order to construct its initial round of solar projects.  Today, 18 projects (17 smaller ground mounted rural installations and one large industrial rooftop system) are completed, installed and generating electricity.  Since these projects are already completed, SolarShare Community Solar Bonds are at lower risk and offer a steady income for 20 years.

Become a SolarShare member and invest in solar power today. The details of the offer and how to participate are available on our website, please visit http://www.solarbonds.ca

To learn more, I also encourage you to check out our short SolarShare video.

Note: SocialFinance.ca does not endorse any investment opportunities and is not qualified to provide investment advice.

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