Eight projects that prove community finance can power the energy transition – Corporate Knights

We know we need to build low-carbon power projects. And while finding the funding may seem daunting, the answer may be more local than we think.

A solar array outside Kingston, Ontario, that can power 100 homes, Wintergreen is run by Canada’s leading renewable-energy cooperative, SolarShare.

ZooShare* turns organic animal waste and food waste into electricity for Ontario’s grid, with financial backing from 800 cooperative members who purchased community bonds.
* Following a 2023 member vote, ZooShare stopped interest payments and will repay bonds when cash permits.

EcoCharge is the first EV-charging community bond campaign of its kind. Through it, its members own roughly 100 charging stations across Quebec and New Brunswick.

Propolis raised $1 million in community bonds from about 100 investors to build a 53-unit affordable and net-zero apartment building in Kamloops, B.C.

The Faithfully Green Fund helps faith communities fund green retrofits by selling community bonds and lending the money to temples, churches and mosques on a revolving basis.

This Regina, Saskatchewan, cooperative is responsible for installing 400 solar panels in the city. Its installations are collectively owned by about 100 members, typically apartment-dwellers who can’t install solar themselves.

The cooperative runs a wind turbine co-owned by 825 Toronto residents and Toronto Hydro. WindShare was the first Canadian example of local residents owning a clean energy project.

Founded in 2010, this cooperative partly owns two Lake Huron wind turbines that generate roughly 3.3 million kWh annually, enough electricity for more than 400 homes each year.
Yashvi Shah is a writer and editor in Toronto. 
Get all our stories in one place, every Wednesday at noon EST.
ANALYSIS | China’s energy policy is grounded in energy security, not a concern for global warming.
The new solar power agreement in Texas allows Meta to claim “all environmental attributes” from its
Sulfur hexafluoride is a chemical used to insulate high-voltage equipment – and it’s 24,300 times more
Decentralized renewables are bringing power back to Syria at speed and scale, but that shouldn’t come
While true, the stat is a little misleading. The nuance is in understanding energy capacity.
Corporate Knights | Copyright 2002-2026
Get the latest sustainable economy news delivered to your inbox.

source

This entry was posted in Renewables. Bookmark the permalink.

Leave a Reply