The Green Energy Act and Ontario Power Authority‘s Micro-FIT and FIT programs offers an excellent opportunity for investors to participate in generating solar energy converted to electricity and sold to the GRID at a prescribed rate per kilowatt-hour (kWh) for a 20 year guaranteed contract term. Property owners that have less than ideal roof-top orientations, slopes and shading issues will not have sufficient solar power potential to justify the cost of a solar system. In general, solar power generation is more costly to install per watt on residential properties than institutional, commercial or industrial properties. Individuals that do not own or lease suitable properties  for solar power generation are not able to participate in the Micro FIT program. Renewable energy cooperatives provide convenient alternative access for individuals to invest in larger scale solar and wind power projects that offer lower per watt installation costs with attractive investments returns. Community-based renewable energy cooperatives provide  an  efficient way to invest in clean energy generation projects. And participate in the collective spirit to reduce greenhouse gases and global warming through investment in renewable energy.

Renewable Energy Growth and Cooperative Investment Opportunities

  1. Toronto Renewable Energy Cooperative (TREC) participates and advises communities on organization of cooperatives to invest in renewable energy
  2. Renewable energy and contribution to world’s electricity supplyWikipedia“Photovoltaic production has been increasing by an average of some 20 percent each year since 2002, making it a fast-growing energy technology.… At the end of 2009, the cumulative global PV installations surpassed 21,000 megawatts. Topaz Solar Farm is a proposed 550 MW solar photovoltaic power plant which is to be built northwest of California Valley in the USA at a cost of over $1 billion.
  3. World Nuclear Organization  on renewable energy use in electrical demand supply
  4. Germany’s renewable energy revolution
  5. German Mission in US – by 2050 Germany plans to receive 100% of its energy needs from renewable sources” Chancellor Angela Merkel on Monday presented the federal government’s new Nine-Point Plan for Germany’s energy supply over the next 40 years in which renewable energies are to play an increasing role. According to the plan, the share of renewable energies in gross electricity consumption should total 35 percent by 2020.  By 2030, it will climb to 50 percent; by 2040, to 65 percent; by 2050, to 80 percent. Major investments, funded by the sale CO2 emissions  certificates, are also to be made in research and development of renewables.”
  6. Germany could kick fossil fuel habit by 2050: study (REUTERS, July 7, 2010) – “Thanks to its Renewable Energy Act, Germany is the world leader in photovoltaics with half of the installed capacity. It expects to add more than 5,000 megawatts of photovoltaic capacity this year to a total of 14,000 megawatts.” (Note: OPG’s generating portfolio has a total capacity of over 21,000 megawatts (MW) making us one of the largest power generators in North America.)
  7. Renewable energy promises to help renew the Spanish economy (EUROMONITOR, April 8, 2010) – “Spain is on track to exceed its EU renewable energy target of 20% of energy supply by 2020. The EU has stated a 30% renewable energy target for 2030”
  8. Renewable energy in Spain Wikipedia