GreenSaver and the SolarShare Co-operative have signed an agreement to develop a solar project on the rooftop of 32 Goodmark Place in Toronto. Both partners are not-for-profit corporations and the solar development will be financed by Community Solar Bonds. “The idea of having two non-profit corporations building renewable energy by using community bonds allows ordinary Ontarians to invest, own and control their sustainable future,” said Vladan M. Veljovic, GreenSaver president and CEO.
The GreenSaver and SolarShare partnership has an additional 1,100 kW in solar projects currently awaiting Ontario Power Authority (OPA) approval.
“Working with the most experienced energy efficiency organization in the province, GreenSaver, is helping to make the solar bond idea a reality in Toronto and Ontario,” said Mike Brigham, SolarShare president.
“We are proud to have the first solar bond project in Toronto at our building. Everybody was made to feel at ease in working with GreenSaver and SolarShare, and the project will help us to generate some badly needed revenue,” said Karl H. Seeh, board chair at 32 Goodmark Place.
