For the sixth year in a row, since establishing in 2014, SolShare Energy paid a dividend to our community of investors. For the period from January 31, 2019 to January 30, 2020, investors received $1.99 per C2 share, which was an annualized dividend yield of 4.0%.
SolShare Energy currently operates two solar energy plants in Vancouver. These plants are owned by local residents who are part of our community of investors, along with Vancouver Renewable Energy Cooperative. We are in early negotiations for four more solar plants that will be located throughout BC. It is anticipated that future plants will also include Indigenous ownership. SolShare makes it possible for the general public to invest in community power projects for as little as $1000.
About SolShare Energy
SolShare Energy is BC’s first community-owned solar energy investment program. SolShare’s mission is to enable investors to share in ownership of a diverse portfolio of renewable energy installations throughout BC that offer financial, social, and environmental returns. Solshare Energy is a project of Vancouver Renewable Energy Co-operative(VREC).
Max DasePosted on 9:27 pm - February 7, 2020
Fortis only allows a system no larger than to avoid consumption, if any excess occurs they only pay their wholesale. BC Hydro has finally gone that way, the feel good politics was no longer affordable to pay premium rates for anyone’s excess solar.
No solar system in BC has any payback unless its hugely subsidized. What exactly is going on that you unlike anyone else can provide a dividend?
Rob BaxterPosted on 6:26 am - February 9, 2020
Thank you for your question on SolShare Energy’s Dividend.
I am not sure what you mean by “has no payback.” Perhaps you are referring the the length of simple (or equity) payback vs the lifespan of the system?
In BC now almost every system installed has a simple payback less than the life span of the system. Equity payback (accounting for inflation) is now less than 50% of the lifespan for most systems.
You may be operating based on old information. Ten years ago when PV prices were higher, payback was much longer.
As you mentioned the utilities have been putting restrictions on the net-metering programs. This is because the programs were popular – over 2,000 installations in BC and growing. In their BCUC submission BC Hydro stated that last year saw a record number of new applications. This is because the economics of solar energy is good and getting better.
It also incorrect to suggest BC Hydro was paying a “premium” for solar energy. Under net-metering power sold is credited at the same rate it is bought. At the end of the annual period if their is excess the utility did write a cheque but at a rate that was 30% less than the top retail rate.
You can view detailed financial information how how we allocate capital,
revenues and profits here:
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