Toronto, ON – SolarShare Co-operative announced today that it has hit the $15 million mark in sales of its Solar Bonds – the largest investment amount a renewable energy co-op has ever raised in Canada.
The milestone is reflective of the public’s growing Interest in investments that make positive environmental and social impact. SolarShare is one the few providers of impact investing options open to retail investors.
SolarShare investors are a diverse group – millennials, everyday citizens and small business owners who seek a good return and want their dollars to do good, seniors hoping to leave a better planet for their grandchildren, and philanthropic organizations who desire investments that align with their missions – like the Canadian Association of Physicians for the Environment, Science For Peace, Catherine Donnelly Foundation, Bealight Foundation, and the Lawson Foundation.
Mike Brigham, President and co-founder of SolarShare, summed up the cumulative impact of a $15 million raise, explaining “Investing in solar is simple and rewarding! We now have 34 solar PV installations up and running, we produce enough clean solar energy to power nearly 900 homes, and we continue to build our portfolio every year. We are very grateful to our thousand-plus members for making community-owned power a reality in Ontario.”
Investors interested in earning a return while being a part of a cleaner, safer renewable energy future can become members of SolarShare and select from 5-year Solar Bonds which offer a fixed 5% return and are RRSP eligible, and 15-year bonds which offer a fixed 6% return.
SolarShare is a non-profit co-operative that enables citizens to take ownership in solar projects across Ontario. Incubated by TREC Renewable Energy Co-operative and incorporated in 2010, SolarShare develops commercial-scale solar energy installations so that any Ontario resident can invest in them. 100% of funds invested directly finance solar projects across the province that are already built and producing stable revenue. SolarShare makes it easy for investors to earn an impressive return while doing something good for the planet.