600+ members are building a community-owned
renewable energy future in Eastern Ontario; profitably, sustainably, and responsibly.
Class A Preference Shares and Member Investment Notes are now available for purchase!
These securities are available to members of OREC to finance four solar power project that will feed electricity into Ontario’s power grid. Residents of Eastern Ontario can become a member at any time. This offering is open until April 30, 2017 or until all securities have been sold or sufficient capital has been raised for the solar projects. Act Quickly!
OREC offers two types of securities:
Ready to invest?
Step 1: Read the Securities Offering Summary (.pdf) for more details. PLEASE NOTE: the complete Offering Statement (.pdf), which includes the Business Plan and Financial Statements, should be reviewed before purchasing securities.
Step 2: Ensure you are an OREC member. Any resident of Eastern Ontario can join by buying a $100 lifetime membership share. Learn about the other benefits of an OREC membership.
Step 3: Fill out a Subscription Form (.pdf) with desired number of securities. Looking to invest in an RRSP or TFSA? Please follow these instructions or book a meeting with us to fill in the paperwork together.
Step 4: Send the completed Subscription Form and a cheque made out to Ottawa Renewable Energy Co-op (or to CWCF if making an RRSP or TFSA investment). Cheques can be mailed or dropped off at: 969 Wellington Street West, Suite 200, Ottawa, ON K1Y 2X7.
That’s it! Preference Share Certificates and Member Investment Notes will be issued and mailed to investors after the close of the offering.
Investing in OREC is a unique opportunity to invest in clean, community-owned, renewable energy in Eastern Ontario. More information can be found in our FAQ on Investing.
Dates to remember
March 1, 2017: Deadline for RRSP investments to be deducted from your taxable income in 2016.
March 15, 2017: Deadline for transfers from an existing registered account (RRSP + TFSA).
April 30, 2017: Closing of the securities offering at which point no new investments will be accepted. (the offering may be closed earlier if it sells out).
Do you have questions?
Attend an upcoming Investor Information Session! Or, Get in touch with David Mazur-Goulet; OREC’s Communications Manager.
Toll-free: 1 (855) 338-OREC
Email: david.mg at orec.ca
Address: 969 Wellington St. W., Suite 200, Ottawa, ON K1Y 2X7 (google maps). Contact us prior to visiting to ensure someone is at the office.
How are returns possible?
Ontario has committed to an energy policy that emphasizes energy efficiency and renewable supply. The Independent Electricity System Operator will buy electricity from all our projects at guaranteed rates under the provincial Feed-In Tariff (FIT) program.
We have raised $5.1 million through the sale of our first four series of securities offerings which has been invested in the Co-op’s projects. Our fourth and most recent securities offering closed on Oct. 31, 2015 with over $1.5 million invested in community power. 139 investors stepped up to the challenge of making Ottawa a better place for everyone to live. Read more.