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Green Energy London Co-operative Inc. (GEL)

Green Energy London (GEL) is a for-profit co-operative focusing on community-owned renewable energy projects, education, and community power. Our vision includes creating diverse projects on London rooftops, engaging residents and businesses, and advocating for sustainable initiatives. With an emphasis on investment opportunities, education, and policy collaboration, GEL aims to improve community quality, capacity, and sustainability while supporting members and investors. Join us in the journey towards a greener future!

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Green Energy London Co-operative Inc. (GEL)

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  1. Green Energy London Co-operative Inc. (GEL) May 9, 2013 What is GEL?

  2. WHAT IS GEL? GREEN ENERGY LONDON (GEL) is a for-profit co-operative to develop community-owned renewable and alternative energy projects and public education involving renewable energy, energy conservation and the community power model.

  3. WHO IS GEL’S EXECUTIVE? Shane ONeill PRESIDENT, Architect Ted Zurbrigg VICE-PRESIDENT, Business owner  Diane Szoller TREASURER, Project manager Natalie SECRETARY, Beauregard Solar developer Bill McBane MEMBER-AT-LARGEInformation management Jens Stickling MEMBER-AT-LARGEBusiness owner

  4. THIS IS OUR VISION • We seek to create multiple projects • as a mix of public, commercial and residential London roof tops. • pictures

  5. GEL promotions

  6. OUR FOCUS - • TO ENGAGE RESIDENTS AND SMALL BUSINESS with: • INVESTMENT • Provide opportunity for community investment in • renewable energy with financial dividends – MicroFIT • Re-invest remaining profit into new renewable projects • EDUCATION • Develop programming and public education to • reduce fossil fuels and greenhouse gas emissions, • raise awareness and engage societial change • Initiate public policy and political collaboration

  7. OUR OVERALL GOALS - • To improve the quality of our community • To build community capacity, new ideas • To fund community improvements • To support members/investors with dividends • To harvest solar energy, sell to the grid • To be a ‘go to’ for community buy-in • To inform around renewables, climate change • To be a leader (to lead the community) • To engage the next generation • To identify new opportunities • To finance green/sustainable initiatives • through community and invest in new projects

  8. Example: Micro-FIT Revenue of $124,514 20 year investment PRODUCTION NREL data 226,801 kWh x .549 cents per kWh $124,514 The OPA is continuing to process MicroFIT applications until the 50 MW procurement target is achieved. The current price schedule remains in effect. Surplus $12,250 ($612/yr) Net Cost $124,514 ($18,264) = $106,250 Cost of Installation Related costs Dividends/ Investor Repayment Equipment, assessments $47,000 Inverter replacement, ins., fees, roof lease, etc. $18,264 $2,250/year (5%) or $47,000 investment over 20 years plus repayment of equipment

  9. MicroFIT ELIGIBILITY provides a fixed price over a 20 year term for electricity production, distribution to the province’s grid (10 kw or less) Eligible participants include: Individuals Universities Farmers Schools/colleges Farm Co-ops Hospitals/long-term care Renewable Co-ops (public, private) Municipalities Aboriginal communities LDC Partnerships Social Housing Faith-based organizations

  10. MicroFIT may involve one of the following renewable fuel types: Biogas Solar Photovoltaic Biomass - rooftop solar facility Landfill gas - non-rooftop solar facility Wind Waterpower Approvals are conditional to LDC capacity. Hydro One is actively working to increase capacity and quality given aging infrastructure, increased building constructions underway increasing demand, and trends toward smart home applications (residential).

  11. THERE ARE NUMEROUS STAKEHOLDERS IN A SINGLE INSTALLATION Co-op members/ Sub-contractors/trades investors (electrical, mechanical, roofing, etc) Building owners Local distribution company Building tenants Hydro One (transmission) Financial backers Building department Legal reps Electrical Safety Authority Consultants Ministry of Labour Design Engineers Independent reviewers Vendors (panels, inverter, Ontario Power Authority racking, combiners, wire, etc) Public at large

  12. We look forward to: Sharing information Engaging new members and Celebrating a mutual interest in enhancing London’s economic benefits in renewables Thank you - Questions welcome

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