Community Solar and SPICESolar Energy Society of Alberta - February 7, 2019
Presented by: Warren Sarauer Chair of the Board
SPICE StoryWho is SPICE?
• The Solar Power Investment Cooperative of Edmonton (SPICE) is a
community investment cooperative focused on the development of
renewable energy projects that bring benefits to the greater Edmonton
region.
• Creating competitive, ethical, community powered investments with people,
planet, and profits weighted equally is SPICE's primary commitment.
SPICE Story2012 – 2015
• SPICE started as a grassroots organization. It was founded and officially
incorporated as an Opportunity Development Cooperative (ODC) by
three passionate and involved community leaders focused on economic
empowerment, environmental sustainability, and solar power.
• SPICE is a cooperative by intention and embodies the 7 cooperative principles
while continuously striving to share their benefits with other organizations
through open collaboration.
SPICE Story2015 – 2017
• The current Board Of Directors was established with local and influential
leaders in the solar industry who have 75 years of combined experience in
solar development.
• SPICE also started dipping it's toes in solar and training projects helping with
the development of the Edmonton Federation of Community Leagues
(EFCL) Green Leagues program for Edmonton communities interested in
greening their energy and leading in sustainability practices.
SPICE Story2017 – 2019
• SPICE was a successful applicant for a significant Community Energy
Capacity Building Program grant from the Government of Alberta to
help "Lead and Seed" community energy in Alberta, for Albertans.
• This funding support was vital in assisting SPICE with it’s legal
establishment, bylaw development, board training, website creation, and
much more…
SPICE InvestmentsHow it works
Investors select vetted projects to invest in and receive
competitive returns over time
Community renewable energy
project is developed and
generates revenue
Property owner needs financing for
rooftop solar project and has
limited knowledge
SPICE is a one-stop facilitator connecting:
• Property Owners • Community Investors • Project Developers • Local EPC’s
SPICE InvestmentsMember Opportunity
For $25/year members gain access to:
1. Local competitive green investment opportunities2. An ownership share in a local green investment cooperative3. A vote to influence a local green investment cooperative
SPICE InvestmentsCEDC Tax Credit
• New opportunity for investors through the Community Economic
Development Corporation (CEDC) Tax Credit.
• Newly developed legislation (Investing in a Diversified Alberta Economy
Act) will allow SPICE, other ODC’s, and social funds with social impact
initiatives to offer a 30% income tax credit for investors.
SPICE InvestmentsNext Steps • SPICE will be looking to access project development funding through the
new Community Generation Capacity Building Program to establish it’s first
investment-ready project.
• Once the first projects are made available, SPICE will be sharing
updates through our website and with those that have expressed
interest through our presentations.
STAY TUNED!
SPICE Social
• Facebook: https://www.facebook.com/JoinSPICE/
• Twitter: https://twitter.com/JoinSPICE
• LinkedIn: https://www.linkedin.com/company/JoinSPICE/
• E-mail inquiries: [email protected]