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Innovative Financing for Urban Renewables

SolarShare is a not-for-profit organization that engages citizens in solar projects through innovative financing options. With a mission to grow solar electricity generation, SolarShare offers tangible financial, social, and environmental returns. They raise funds through Solar Bonds and other investment options, allowing individuals to support renewable energy while earning competitive returns. Through their leadership in sustainable energy education and national expansion plans, SolarShare aims to create a low-carbon economy and make clean energy accessible to all.

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Innovative Financing for Urban Renewables

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  1. Innovative Financing for Urban Renewables Matt Zipchen, General Manager, SolarShare www.solarbonds.ca

  2. About • Not-for-profit established in 1998 to incubate renewable energy co-ops and community-based projects • First community-owned wind turbine in Canada – Ex Place,Toronto 2002 - joint venture with Toronto Hydro & WindShare Co-op • TREC Services – fee for service - administrative, member management, and social finance back office services (custodial, transfer agent, etc). • Leader in sustainable energy education (Kids World of Energy, Green Collar Careers, etc)

  3. About Mission:To grow solar electricity generation by engaging citizens in projects that offer tangible financial, social and environmental returns. • Incorporated 2010, not-for profit • 29 active solar projects, more in pipeline • Assets worth ~$30 Million • ~900 members, • ~$10 Million raised in Solar Bonds

  4. Project Financing Cycle Refinance after completion • Solar Bonds: 5 year, 5% • LTD or Long Bonds: 15 year @ 6.0% • Construction & Equity Bridge (9-12% interest)

  5. Organizational Investors & Impact Investing (Franz Blumenfeld Peace Foundation) Bealight Foundation HELDERLEIGH FOUNDATION

  6. Low Carbon Economy Finance - What’s Next? • Expand the SolarShare model • Solar Bonds national expansion • International project investments • Energy Efficiency + Impact Investing & Crowd Funding • Can 3rd party financing create scale, similar to what’s happened with solar? Online Investing for Clean Energy

  7. Matt Zipchen General Manager, SolarShare matt@trec.on.ca Contact SolarShare Ribbon-Cutting, Brampton 2014

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