"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."