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

SolarShare Pitches Big Investors at the TSX

Sep 19, 2013

The sun is shining on the TSX today. After a successful launch event this morning at the Toronto Stock Exchange, SolarShare now has improved access to capital from over 100 impact investors. 
The new Social Venture Exchange (SVX), a Restricted Market Dealer under the Ontario Securities Commission, connects impact investors with organizations in need of capital. The online portal allows investors who wish to generate positive social and environmental impact to connect privately with ventures including SolarShare.
Historically it has been challenging for newly established social ventures to source debt and equity without a regulated platform. Today’s launch of the SVX created by MaRS Discovery District in collaboration with TMX Group Inc offers the co-op the opportunity to operate with a higher level of credibility under the appropriate securities regulations.
The timing of the launch couldn’t be better as SolarShare gears up to build thirteen new rooftop solar photovoltaic (PV) projects in 2014, building on 20 existing operational solar installations to bring SolarShare’s total project portfolio to $30 million. “The sky is the limit,” SolarShare President Mike Brigham said. “SolarShare is proud to be one of the original members of the SVX, developed by a group of very like-minded people who believe that one's investments can return not just financial returns but environmental and socio-economic returns too.”
Since SolarShare launched its Community Bond offer in August 2011, its 500 members have collectively raised $2.4 million to finance 20 fully operational solar projects across the province, generating 1,900,000 kWh of clean electricity thus far. Community Solar bonds are securities that pay five per cent per year for five years and are registered on title. Using the ‘community power’ model, SolarShare engages citizens, offering members a financial stake in the projects and the pride and energy awareness that comes with co-op membership.

If you missed the market's opening address, watch the video here: