Citizen Action Monitor

Burlington’s solar energy co-op offers residents investment opportunity

No 90 Posted by fw, November 22, 2010

Seizing the opportunity created by Ontario’s new Green Energy Act AllianceBurlingtonGreen Environmental Association has created BrightSky Power Community Solar Co-operative, a community solar energy initiative. For its inaugural project, BrightSky is developing a solar powered installation on a local rooftop. All Burlingtonians will have the opportunity to directly invest in the project by becoming a member of the BrightSky Power Community Solar Co-operative and purchasing a share or bond.

This community power project will allow people, who may not own property suitable for solar panels or do not have the available funds to buy their own solar system, to participate in Ontario’s new green economy. By offering residents the opportunity to invest in the project, BrightSky is enabling all Burlingtonians to earn income from solar energy and keeping your energy dollar in our local economy! The project will serve as a demonstration to all Burlingtonians of the opportunity to make Burlington a leader in sustainable energy as well as showing the success of community participation.

BrightSky Power’s solar installation will be contracted to sell energy through the Ontario Power Authority’s Feed-in Tariff (FIT) program. The FIT program pays fair, stable and long-term rates for power generated from renewable energy installations. To cover development stage costs, BurlingtonGreen has secured a grant from the Community Energy Partnerships Program.

BrightSky Power is currently negotiating lease agreements with a selection of local building owners, developing its co-operative business plan and preparing the application for a FIT contract. The solar installation’s in-service date is currently projected for the 4th quarter of 2011. Once the project is in service and generating revenue from energy sales, BrightSky will dedicate a portion of its earnings towards developing further community solar projects in the Burlington area for 2012.

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