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Clean Power

Published on May 4th, 2012 | by Zachary Shahan

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Clean Energy Community Bonds

May 4th, 2012 by  


 

On a recent post about clean energy crowdfunding, a reader dropped a link to SolarShare Community Bonds, which finances community-based solar projects in Ontario. As the website states:

“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.”

To purchase a bond, you must become a SolarShare Co-op member, a one-time cost of $40. Each co-op member gets a vote in the co-op.

Here’s a little more info from the SolarShare site:

“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.”


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About the Author

Zach is tryin' to help society help itself (and other species). He spends most of his time here on CleanTechnica as its director and chief editor. He's also the president of Important Media and the director/founder of EV Obsession and Solar Love. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, and Canada. Zach has long-term investments in TSLA, FSLR, SPWR, SEDG, & ABB — after years of covering solar and EVs, he simply has a lot of faith in these particular companies and feels like they are good cleantech companies to invest in. But he offers no professional investment advice and would rather not be responsible for you losing money, so don't jump to conclusions.



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