SolShare Energy aims to create a cleaner future.
Who We Are
Solshare Energy is a cooperative-controlled corporation with the goal of growing community-based renewable electricity generation in BC by engaging residents and investors in projects that offer financial, social, and environmental returns. Solshare Energy is a subsidiary of Vancouver Renewable Energy Co-operative.
Vancouver Renewable Energy Co-op (VREC) first began exploring the idea of a community owned solar energy project in 2006.
We wanted to make owning solar energy systems more accessible. Some people wanted to own solar but couldn’t afford the cost of a complete system, didn’t own a house or owned a house but didn’t have a suitable roof. In Europe, thousands of people are owners of renewable energy systems through community co-ops, and we wanted to do something similar here. However, in 2006 it was not economically viable.
As the price of photovoltaic equipment and utility rates changed, we created the framework for BC’s first cooperatively-owned solar energy project. We applied to the BC Utilities Commission in 2014 for an exemption that would allow us to sell electricity to third-party customers. In 2015, we installed our first project and filed documents with the BC Securities commission that would allow us to sell investments to the public. In 2016, we sold our first offering of public shares and our first power plant came online.