News Briefs

  • Enbridge acquires 50% stake in North Sea wind project +

    Enbridge Inc. has finalized its acquisition of 50% ownership in the 497 MW Hohe See offshore wind project from German Read More
  • CO2 Solutions gets order for carbon capture enzyme +

    Quebec City-based CO2 Solutions Inc. is now exploring business opportunities in the algae production and biofuels arenas after receiving a Read More
  • H2O Innovation subsidiary renews three contracts +

    Utility Partners, the operations and maintenance (O&M) subsidiary of H2O Innovation Inc. renewed three municipal contracts in the United States Read More
  • Hansson joins Electrovaya board +

    Electrovaya has named Carolyn Hansson to its board of directors. She is recognized as one of Canada's most influential and Read More
  • Cascades secures investment from Quebec government for two energy efficiency projects +

    Packing and tissue products maker Cascades Inc. is undertaking two energy efficiency projects at its container board packaging plant in Read More
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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."