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Clean Energy Community Bonds

 

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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Written By

Zach is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. 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, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA], NIO [NIO], Xpeng [XPEV], Ford [F], Amazon [AMZN], Piedmont Lithium [PLL], Lithium Americas [LAC], and Starbucks [SBUX]. But he does not offer (explicitly or implicitly) investment advice of any sort.

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