Today, Bullfrog Power, Canada’s leading green energy provider, and SolarShare, Canada’s largest renewable energy co-operative that allows Ontario citizens and businesses to invest in community-based solar energy installations, are launching the first community-owned solar project in the City of Brampton with a rooftop ribbon-cutting.
The Holtby project, located on an industrial, mixed-use building in Brampton, Ontario, is the latest SolarShare project and was completed with investment from Bullfrog Power. Holtby is the 25th SolarShare project in Ontario and has a system capacity of 600 kW. Bullfrog Power-through its Bullfrog Builds Renewable Accelerator program-is among a small group of strategic partners supporting the capital-intensive development phase of SolarShare renewable energy projects.
“This project is an important example of the impact that supporters of green energy across Canada are having each and every day,” said Ron Seftel, Senior Vice President, Operations, Bullfrog Power. “Through our Bullfrog Builds Renewable Accelerator program, bullfrogpowered individuals and businesses in the area and across Canada were able to contribute to making this project a reality.”
With the successful completion of the installation, SolarShare will raise community investment through its Solar Bonds from co-op members. Investors earn a competitive 5 percent return on 5-year bonds and so far they are close to having collectively raised an impressive $5 million from its members.
“As the first community-owned solar project in the City of Brampton, the Holtby solar installation is another landmark for SolarShare and renewable energy in Canada,” said SolarShare President, Mike Brigham. “With each new SolarShare project more renewable electricity is added to the grid, benefiting local communities and contributing to the fight against climate change.”
— Solar Builder magazine