Category Archives: Solar Power

SolShare Pays $2.08 Dividend

SolShare Energy has paid a dividend of $2.08 per C2 share for the period from January 15th, 2018 to January 30th, 2019. This is up from $1.78 for the previous period and is an annualized dividend yield of 4.0%.

SolShare Energy currently operates two solar energy plants in Vancouver and is exploring opportunities to add additional plants throughout BC. The plants are owned by local residents who are paid the dividends. SolShare makes it possible for the general public to invest in community projects for as little as $500.

SolShare Energy’s Second Plant in Vancouver

If you are interested in investing in community solar energy with Solshare Energy, check out our FAQs page.

Own a Share of Vancouver Community Solar Energy Project

Solshare Energy is once again offering an opportunity to own a share of a solar energy plant based in Vancouver.  Shares in this round are available starting January 15th.  A limited number of shares are available.

A 27 kW solar energy plant is currently being built and is the second in Solshare’s portfolio. Funds raised will be used to purchase this plant. Electricity produced from the plant will be sold and the owners will receive dividends based on those sales.

Solshare currently operates one solar energy plant that has been in production for two years. Three rounds of dividends have been paid to investors. For the current funding round a minimum of $1,000 is need for investment. Funds must be received before January 24th.

“We’ve talked to many people who want to support solar energy but either don’t own a suitable house or can not afford the full up-front investment. This is a great way for those people to own solar energy and receive some financial benefits.” says Solshare Energy co-founder Rob Baxter.

Solshare will be holding an open house at their offices on January 15th from 11 AM to 4 PM. This will be a chance for potential investors to ask questions and get help filling out the forms required to invest.

About Solshare Energy

Solshare Energy is BC’s first cooperatively owned community solar energy project. Solshare’s plan is to own a portfolio of renewable energy installations throughout BC that will engage BC residents and offer financial, social, and environmental returns. Solshare Energy is a project of Vancouver Renewable Energy Co-operative (VREC).

Financial statements and documents for potential investors are available at Solshare Energy’s website: solshare.ca

SolShare investments now qualify for RRSPs and TFSAs

Now you can get a tax advantage for supporting local renewable energy projects! Future investors in SolShare’s community solar projects will have the option of putting the investment in a self-directed RRSP or TFSA.

SolShare is BC’s first cooperatively-owned community solar project. Our first plant has been producing power for over a year. During the first year we paid out $1.63 per share (shares are bought at $50 each).

Our second plant is scheduled to begin construction in August. Over the next two months we will be doing another round of investments. The minimum investment for this round is $1,000.

The RRSP/TFSA does have a $55 annual fee, so it may not be best option for investors who will be buying at the minimal amount. But if you are looking at making a larger contribution it is something to consider.

2nd Dividend Paid to Solshare Investors

Solshare Energy has now paid its second dividend of $0.19 per share for the period of 12/08/2015 to 01/20/2016. Solshare investments are Class C2 investments and receive 3.3% annualized interest.

These dividend payments were followed by a second opening for investments, contributing to a total $69,000 raised in share capital from investors.

If you are interested in investing in community solar energy with Solshare Energy, check out our FAQs page.

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About Solshare Energy

Solshare Energy is BC’s first cooperatively owned community solar energy project. Solshare’s plan is to own a portfolio of renewable energy installations throughout BC that will engage BC residents and offer financial, social, and environmental returns. Solshare’s first installation was a 23kW system installed in east Vancouver. Solshare Energy is a project of Vancouver Renewable Energy Co-operative (VREC).

Community Solar Project Showcase and Tour

Solshare Energy is hosting a Community Solar Project Showcase and Tour on March 30th, 2016 to present BC’s first community owned solar energy project producing clean energy. The 23 kW photovoltaic plant, recently installed in East Vancouver at Vancouver Cohousing, a multi-family residential complex, officially began production recently. Bullfrog Power provided construction financing for the project and has been a great supporter of the community solar project. The project is one of the first leasing projects under BC Hydro’s Net Metering Program.

The launch event is open to the public and will include brief remarks by Vancouver City Councillor Andrea Reimer, free hot drinks, snacks, door prizes, mini tours of the community solar project and more!

Wednesday March 30
3:30pm-6:00pm
3:30pm: Solar Tours every 10 min
4:00pm-4:40pm: Remarks from Vancouver Renewable Energy, Bullfrog Power, Vancouver Cohousing and Vancouver City Councillor Andrea Reimer
4:40pm-6:00pm: Solar Tours every 10 min + mingling

Vancouver Cohousing
1733 E 33rd Avenue, Vancouver

RSVP to the event here>>

About Solshare Energy

Solshare Energy is BC’s first cooperatively owned community solar energy project. Solshare’s plan is to own a portfolio of renewable energy installations throughout BC that will engage BC residents and offer financial, social, and environmental returns. Solshare Energy is a project of Vancouver Renewable Energy Co-operative (VREC).

If you have any questions about the event, please contact:

Kathryn MacDonald
778-869-8333
kathryn@vrec.ca

Van CC Cohousing solar
Vancouver Cohousing Solar

BC’s First Community Owned Solar Project Raises $69,000

Solshare Energy, BC’s first community owned solar project, has just completed another round of financing and now has a total of $69,000 in share capital from investors.

The funds raised will be used to complete the purchase of a 23 kW photovoltaic plant recently installed in East Vancouver as well as other start-up costs. The photovoltaic system is installed on a multi-family residential complex and is expected to officially begin production later this week. The revenue from selling the electricity from the system will be used to pay dividends to investors. Dividends have already been paid out to investors who bought shares in earlier financing rounds.

Solshare Energy plans to add additional solar plants located throughout BC to its portfolio and will be seeking new investors as these plants come online.To receive updates on investing in Solshare fill out our contact form.

Van CC Cohousing solar
Cohousing Solar

BC’s First Community Solar Energy Project Pays Dividend

Solshare Energy has announced it has paid its first dividend of $0.41 per share. This is an annualized return of 3.3%.

“We are excited to offer BC residents an investment in local renewable energy projects that offers an ongoing income stream.” said Solshare CEO Rob Baxter. “We have seen considerable interest for a truly local ethical investment alternative.”

Solshare Energy is also currently accepting another round of investments that will help finance its first installation.
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About Solshare Energy

Solshare Energy is BC’s first cooperatively owned community solar energy project. Solshare’s plan is to own a portfolio of renewable energy installations throughout BC that will engage BC residents and offer financial, social, and environmental returns. Solshare first installation was a 23kW system installed in east Vancouver. Solshare Energy is a project of Vancouver Renewable Energy Co-operative (VREC).

Work on First Project Begins

We have begun installation of our first project. Crew from Vancouver Renewable Energy (VREC) started installing the roof mounts for the solar modules at a site in Vancouver.

The 23 kW photovoltaic system is being installed on Vancouver Cedar Cottage Co-housing. The complex is currently under construction so the system will not be brought fully online until later in the year when the electrical systems are in place.