News Briefs

  • EDC provides financing for Canadian Solar’s participation in Dubai solar park +

    The third phase of the of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai is getting some financial help from Read More
  • S2G BioChem begins work on Sarnia ON plant +

    S2G BioChem is bringing its green chemistry to Sarnia ON. The Vancouver-based company has kick started work on its first Read More
  • Smartcool inks reseller agreement with Panoramic +

    Smartcool Systems Inc. is now selling power metering sensors after signing a value added reseller agreement (VAR) with Panoramic Power Read More
  • Ranovus secures additional SDTC investment, two others get funding as well +

    Ottawa-based Ranovus Corp. was among three companies to receive a total of $7.85 million in funding from Sustainable Development Technology Read More
  • Solar Alliance secures new commercial market with Thompson Machinery agreement +

    Solar Alliance Energy Inc. is teaming up with Thompson Machinery Commerce Corp. and one of its affiliates Aries Solar to Read More
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Stock Market

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ZooShare Biogas Cooperative Inc. celebrated a milestone this week. The company, which is building a 500 kW biogas plant at the Toronto Zoo, has taken in a $1 million investment from 150 investors.

"We reached this goal in less than a year, which exceeded our expectations, proving the market demand for sustainable high-impact investments. Together, we can demonstrate the true value of organic waste,” said Daniel Bida, executive director of ZooShare.

Scheduled to be operational by December 2015, the facility will produce renewable power for the Ontario grid, reduce greenhouse gas emissions by over 10,000 tonnes each year, and generate above average returns for local investors.

ZooShare bonds, which are being used to build the biogas plant, pay a return of 7% each year for seven years. The bonds have the added benefit of an environmental return: the facility will recycle animal manure from the Toronto Zoo and food waste from local grocery stores into renewable power, while cleaning the air and returning valuable nutrients to the soil (in the form of a high-quality fertilizer).

"I invested in ZooShare because it checks a lot of boxes for me," said investor Julia D'Costa, "I get to actively participate in reducing local greenhouse gas emissions, plus we'll earn returns…with this project we are empowered to build our clean energy future."