News Briefs

  • Earth Hour: Ottawa homes to go green for one hour +

    Every single home in the nation’s capital - there are nearly 500,000 of them - will be powered by 100% renewable electricity Read More
  • Bioamber receives going concern opinion from auditor +

    Renewable chemicals company Bioamber Inc. released a statement on March 16 that the company has received a going concern qualification Read More
  • Canadian Solar to develop 80 MW of solar in India after deal with SECI +

    Canadian Solar has inked a number of power purchase agreements (PPAs) with Solar Energy Corporation of India that will lead Read More
  • Electrovaya raising money to fulfill purchase orders +

    Electrovaya Inc. is planning to raise up to $25 million through a private placement of debentures. Expected to close by Read More
  • Cleantech in BC gets funding boost from province and feds +

    Sustainable Technology Development Canada (SDTC) is getting topped up by $40 million with each of the federal and British Columbia 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."