Some information from Ecology Ottawa on an interesting
opportunity in Ottawa to invest in renewable energy:
Have you been wanting to get involved in
solar power but don’t have a sunny roof? Want to shift your long term
investments into local, green investment options? You can do just that through
the Ottawa Renewable Energy Co-op (OREC).
The Ottawa Renewable Energy Co-operative’s
first share offering is open until August 27th. Residents of Ottawa
can become members on the OREC website by purchasing a one time $100
membership share. Then, members may invest in the solar rooftop projects by
purchasing preference shares. Preference shares are for 20 years, paying out
dividends of approximately 5% annually plus a return of capital starting in
year 5. Preference shares are $500, and a minimum of 10 may be purchased by one
member.
OREC is part of growing worldwide trend,
of community owned energy generation. Denmark & Germany learned long ago
that electricity generation offers a stable revenue stream well suited to
‘pension type’ investments. Ontario is now following suite with the
Feed-in-Tariff program and the promotion of Renewable Energy Cooperatives. OREC
is one of the first Ontario Co-ops offering equity investment opportunities.
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