SUCCESSES TO DATE

Ottawas only renewable energy co-op, and one of the first in Ontario, OREC has grown to over 160 members since it first incorporated in September 2010, and we raised nearly $1 million in less than three months with our first shareholder offering in the summer of 2012. We currently have 5 solar projects on the rooftops of non-profit or co-op housing buildings, and co-own a 250kW project on the roof of a storage facility in the citys west end.

CONTACT US

4 Florence St, Suite 203 Ottawa, ON K2P 0W7 OttawaRenewableEnergyCoop.ca

info@OttawaRenewableEnergyCoop.ca

Powering the Future Together

613-748-3001 ext. 240 ORECs co-operative structure brings Ottawa residents together to invest in local renewable energy projects in our own communities.

The installation of our project at Eileen Tallman Housing Co-op in Nepean.

I have seen firsthand the hard work, boundless energy, and sincere passion that the staff and volunteers invest in achieving ORECs important mission. This is a sound investmentfor your portfolio, for our community, and for the planet. Josh Snider OREC member

Find us on
Facebook.com/OttawaRenewableEnergyCoop @ORECoop Linkedin.com/Company/Ottawa-Renewable-Energy-Co-Op
Solar panels recently installed on the roof of Lafontaine Housing Co-operative in Hunt Club.

WHY SHOULD YOU BECOME A MEMBER?

To build a greener and more sustainable Ottawa for future generations by establishing a more efficient and reliable energy system that reduces our reliance on non-renewable energy sources. To establish a more efficient and reliable energy system and reduce our reliance on non-renewable energy sources; To support our local economy by investing in local community-owned renewable energy projects; To become an owner and have a sayall members in the Co-op are co-owners of our projects, and we make decisions together.

HOW DOES IT ALL WORK?

OREC enters into 20-year lease agreements with property owners in Ottawa to use their land or rooftops for the installation of renewable energy systems owned by the co-operatives members. ORECs solar projects are situated atop large commercial, institutional or non-profit or buildings due to the long-term nature of these contracts. Once the installations are in place, the renewable energy produced generates revenue through Ontarios Feed-in Tariff (FIT) program, which allows OREC to return to members the full amount of their investments plus a healthy dividend over a 20-year period.

WHY OREC?
We produce renewable electricity in Ottawa; We increase public awareness of sustainable energy technologies; We provide Ottawans with a socially and environmentally responsible investment option; We stimulate Ottawas local renewable energy industry; We set an example as a co-operative and sustainable social finance model.

WHAT IS THE FEED-IN TARIFF (FIT) PROGRAM?

Introduced through the Green Energy Act, 2009 to promote renewable energy; Ontario Power Authority pays renewable energy producers a guaranteed price per kilowatt hour (kWh); Contracts are for a 20 years at a stable rate of reimbursement; Very successful to datetargets for renewable energy have been met 4 years ahead of schedule! >50,000 homeowners and 1 in 7 farmers applied for solar contracts.
Switching on our solar power project at Presland South non-prof it housing in Overbrook.