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Solar City Co-operative
Public Meeting
September 13, 2012
“Waterloo has been recognized
                 many times as one of the smartest
                 communities on earth. Green energy
                 is smart, and community ownership
                 is smart, and I applaud the Solar City
                 Coop for making this opportunity
                 available in Waterloo Region. Ideas
                 like this belong in our community,
                 and I am confident that the people
                 of Waterloo will make the Solar City
                 Coop a great success.”

                 Mayor Brenda Halloran
                 City of Waterloo



What Community Leaders Think
“Research shows that in moving
toward a more sustainable future we
have to go local. This is also true for
energy because a significant amount
of energy is lost simply by
transporting it long distances.
Community-owned initiatives such as
Solar City Co-Operative, are playing
an important role in moving us in
that direction.”

Manuel Reimer, Assistant Professor
Wilfrid Laurier University



What Community Leaders Think
“Waterloo Region has a long history
                 of both entrepreneurism and co-op
                 activities. Community Power was
                 founded here by Sir Adam Beck
                 nearly 100 years ago, and now the
                 Solar City Coop is making it possible
                 for local residents to be part of local
                 solar energy projects.
                 Congratulations to the Solar City
                 Coop for your leadership. I wish you
                 every success!”

                 Chair Ken Seiling
                 Region of Waterloo



What Community Leaders Think
Solar City Co-operative
Public Meeting
September 13, 2012
Welcome!

Agenda:

   What is it?

   Membership Benefits

   Project Opportunities & The SCC Business Plan

   The SCC Team

   How To Get Involved
What is the Solar City Coop?

                                    Project ABC Coop
   Project 123 Coop              (hires SCC, accepts $$
(hires SCC, accepts $$            from SCC members)
 from SCC members)
                     Solar City Coop
                   (manage projects &
                    provide services)
                                      Project XYZ Coop
           Members                 (hires SCC, accepts $$
                                    from SCC members)
$100/life Gets me…?

Lifetime membership

Access to the membership (learn together!)

Access to expertise (staff and consultants hired by
SCC to support projects)

Access to investment opportunities

Ability to vote on use of surplus funds
Sample Project Opportunities

Lease model:

   Solar City’s Local Project Coop 123 signs a lease
   with a local building owner

   SCC recruit’s members from the building (whether
   residents or employees), and they get first
   opportunity to invest in the project

   SCC solicits investment from other members
   thereafter

   SCC finances and develops the project
Sample Project Opportunities

JV Models (vary):

   Solar City’s Local Project Coop ABC signs an
   agreement with a developer who will own part of
   the project, and the SCC will own the other portion
   of the project: revenues are shared, and the project
   portions are financed independently.
Sample Project Opportunities

Developer Financed Model:
   Developer finances and develops the project, and
   loans money to SCC to buy a portion of the project
   Revenues from the project are used to pay the
   developer for the loan
   SCC can raise memberships and member
   investments to pay the loan off faster
   SCC effectively gets a project at $0 down
Co-ops are Important
Ranking Properties for Every Application:
1) Set Aside [Yes/No]: Two ways to get it.
          (i) Co-op owns 51% or more & 50 local members or;
          (ii) Aboriginal community owns 51% or more.
2) Priority Points: Ranges from 1-11 points.
3) Timestamp: Ranges from December 2010 – November 2012.


             Set-     No                                     Priority
            Aside         All Set Aside projects will        Points
                           be awarded before any
      Yes                  non-Set Aside projects.

   Applications with                                    Applications with
   highest points first                                 highest points first


Then applications with                             Then applications with
earliest timestamp first                           earliest timestamp first
Meet our Team!
Board of Directors

Felix Munger – Co-Chair
    Founding Partner of the Sustainable Societies Consulting Group
    Facilitator and Consultant with significant experience in
    community health and environmental sustainability
    PhD Candidate in Community Psychology

Derek Satnik – Co-Chair
    Energy Engineer with 10 awards and recognitions, municipal
    through international, in green buildings and green energy
    Considered a national expert on solar & wind energy
    Helped author the Green Energy Act
    Vice-Chair of Ontario Sustainable Energy Association, member of
    many other high profile boards and committees in renewable
    energy / green building (CaGBC, Built Green Canada, NZEHC,
    OCAA, Sustainable Waterloo, CREW, …)
Board of Directors

Larry Freiburger - Treasurer
    Principal of AET Group Inc., an environmental consulting firm
    with expertise in ecology, waste, building sciences, energy
    and environmental management
    Certified Environmental Professional, Energy Advisor and a
    LEED accredited professional
    35 years of professional experience & 20 years of project
    management and sustainable design applications experience

Mümtaz Derya Tarhan - Secretary
    Local Economic Developer with a specialization in renewable
    energy co-operatives and Ontario’s Community Power
    sector.
    Founding Director of The Community Power Report, a global
    community-based clean energy news hub
Board of Directors

Jake Roelofsen
   30+ years of experience in Business Management,
   Construction, Project Management, Information
   Technology and Safety
   Currently working as a Project Manager in Ontario’s
   renewable energy industry
      Experience in the full-cycle of solar projects

Amro Tonbol
   Professional and academic experience in renewable
   energy, climate change and sustainable development
   Local Economic Development Master’s Candidate with a
   focus on Solar Photovoltaics in least developed countries
What do we Need?

Members!

More expertise on the Board: legal & finance

Members!

Project partners

Members!

Twitter followers, … spread the good news!
How Do I Get Involved?

Join as a member! ($100 one time, member for
life): by cheque or via paypal on our website

Bookmark the website (www.solarcitycoop.com)

Join our marketing team

Help recruit additional members

Help us identify potential project partners
Thanks!
Q & A?

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Solar City Co-operative Public Meeting Slides

  • 1. Solar City Co-operative Public Meeting September 13, 2012
  • 2. “Waterloo has been recognized many times as one of the smartest communities on earth. Green energy is smart, and community ownership is smart, and I applaud the Solar City Coop for making this opportunity available in Waterloo Region. Ideas like this belong in our community, and I am confident that the people of Waterloo will make the Solar City Coop a great success.” Mayor Brenda Halloran City of Waterloo What Community Leaders Think
  • 3. “Research shows that in moving toward a more sustainable future we have to go local. This is also true for energy because a significant amount of energy is lost simply by transporting it long distances. Community-owned initiatives such as Solar City Co-Operative, are playing an important role in moving us in that direction.” Manuel Reimer, Assistant Professor Wilfrid Laurier University What Community Leaders Think
  • 4. “Waterloo Region has a long history of both entrepreneurism and co-op activities. Community Power was founded here by Sir Adam Beck nearly 100 years ago, and now the Solar City Coop is making it possible for local residents to be part of local solar energy projects. Congratulations to the Solar City Coop for your leadership. I wish you every success!” Chair Ken Seiling Region of Waterloo What Community Leaders Think
  • 5. Solar City Co-operative Public Meeting September 13, 2012
  • 6. Welcome! Agenda: What is it? Membership Benefits Project Opportunities & The SCC Business Plan The SCC Team How To Get Involved
  • 7. What is the Solar City Coop? Project ABC Coop Project 123 Coop (hires SCC, accepts $$ (hires SCC, accepts $$ from SCC members) from SCC members) Solar City Coop (manage projects & provide services) Project XYZ Coop Members (hires SCC, accepts $$ from SCC members)
  • 8. $100/life Gets me…? Lifetime membership Access to the membership (learn together!) Access to expertise (staff and consultants hired by SCC to support projects) Access to investment opportunities Ability to vote on use of surplus funds
  • 9. Sample Project Opportunities Lease model: Solar City’s Local Project Coop 123 signs a lease with a local building owner SCC recruit’s members from the building (whether residents or employees), and they get first opportunity to invest in the project SCC solicits investment from other members thereafter SCC finances and develops the project
  • 10. Sample Project Opportunities JV Models (vary): Solar City’s Local Project Coop ABC signs an agreement with a developer who will own part of the project, and the SCC will own the other portion of the project: revenues are shared, and the project portions are financed independently.
  • 11. Sample Project Opportunities Developer Financed Model: Developer finances and develops the project, and loans money to SCC to buy a portion of the project Revenues from the project are used to pay the developer for the loan SCC can raise memberships and member investments to pay the loan off faster SCC effectively gets a project at $0 down
  • 12. Co-ops are Important Ranking Properties for Every Application: 1) Set Aside [Yes/No]: Two ways to get it. (i) Co-op owns 51% or more & 50 local members or; (ii) Aboriginal community owns 51% or more. 2) Priority Points: Ranges from 1-11 points. 3) Timestamp: Ranges from December 2010 – November 2012. Set- No Priority Aside All Set Aside projects will Points be awarded before any Yes non-Set Aside projects. Applications with Applications with highest points first highest points first Then applications with Then applications with earliest timestamp first earliest timestamp first
  • 14. Board of Directors Felix Munger – Co-Chair Founding Partner of the Sustainable Societies Consulting Group Facilitator and Consultant with significant experience in community health and environmental sustainability PhD Candidate in Community Psychology Derek Satnik – Co-Chair Energy Engineer with 10 awards and recognitions, municipal through international, in green buildings and green energy Considered a national expert on solar & wind energy Helped author the Green Energy Act Vice-Chair of Ontario Sustainable Energy Association, member of many other high profile boards and committees in renewable energy / green building (CaGBC, Built Green Canada, NZEHC, OCAA, Sustainable Waterloo, CREW, …)
  • 15. Board of Directors Larry Freiburger - Treasurer Principal of AET Group Inc., an environmental consulting firm with expertise in ecology, waste, building sciences, energy and environmental management Certified Environmental Professional, Energy Advisor and a LEED accredited professional 35 years of professional experience & 20 years of project management and sustainable design applications experience Mümtaz Derya Tarhan - Secretary Local Economic Developer with a specialization in renewable energy co-operatives and Ontario’s Community Power sector. Founding Director of The Community Power Report, a global community-based clean energy news hub
  • 16. Board of Directors Jake Roelofsen 30+ years of experience in Business Management, Construction, Project Management, Information Technology and Safety Currently working as a Project Manager in Ontario’s renewable energy industry Experience in the full-cycle of solar projects Amro Tonbol Professional and academic experience in renewable energy, climate change and sustainable development Local Economic Development Master’s Candidate with a focus on Solar Photovoltaics in least developed countries
  • 17. What do we Need? Members! More expertise on the Board: legal & finance Members! Project partners Members! Twitter followers, … spread the good news!
  • 18. How Do I Get Involved? Join as a member! ($100 one time, member for life): by cheque or via paypal on our website Bookmark the website (www.solarcitycoop.com) Join our marketing team Help recruit additional members Help us identify potential project partners