Note: investment applications received in June will be processed in July as we focus on interest payments and the AGM.

New Project! Michael Street

May 22, 2013

Congratulations co-op members, you will have another amazing solar project to invest in! SolarShare has closed a deal with Endura Energy Developments Inc (EEDI) to build a 149 kW DC system on this commercial rooftop in Ottawa. Construction will be underway soon to install Canadian Solar panels on 25,000 square feet of rooftop space overlooking a serene park and church. The new project name is "Michael St."

We expect about 170,000 kWh power generation and about $120,000 in annual revenue. The total cost of the project will be $954,000, so when it reaches commercial operation in the fall, we will need to raise $286,000 in Solar Bonds from our members. 

The Building Owner

Arnie Swedler is the owner of Arnie's Food Services Ltd and host to the new Ottawa project. He is featured above inside the building with Anton Lamers, Project Manager of Soventix, a development partner. Those bright lights will soon be powered by the sun!

The Rooftop Layout

The Project Site

The project site is on top of "Arnie's Food Services Inc" at 1455 Michael St, Ottawa, ON