News Briefs

  • H2O Innovation subsidiary lands new deals in US +

    H2O Innovation Inc.’s operation and maintenance (O&M) services subsidiary Utility Partners LLC (UP) has renewed two contracts and extended the Read More
  • EDC offers new green bond +

    Export Development Canada’s (EDC) latest green bond has been priced. Set at $500 million with a 1.8 fixed rate, the Read More
  • Capital Power moving ahead with New Frontier Wind +

    After Capital Power Corp. inked an agreement to sell 87% of the electricity generated from the yet to be constructed Read More
  • General Fusion takes new step towards reactor design +

    Vancouver’s General Fusion has hired two industry veterans to help lead the company through the development of a proof-of-concept fusion Read More
  • Federal, Ontario governments take big step in reducing diesel reliance in FN communities +

    The $60 million in federal funding to connect the Pikangikum First Nation to Ontario’s electricity grid is a major step Read More
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Stock Market

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."