What can a Green Bond do in a year? How about ten million worth? Turns out a lot.
As of this morning, CoPower is now officially sold out of our second Green Bond issuance. Thank you to the nearly 400 Canadians who have invested $10,000,000 in our clean energy future! Read on for more about the impact our flagship investment product and our community of investors has had already.
And for those of you who didn’t get the chance to invest, not to worry, we'll be launching our new Green Bond product later this spring. Click here to learn more, complete your investor registration and be ready when we reopen.
So: what can a Green Bond do in a year?
Getting clean energy projects off the ground
You could say that Green Bonds are the just tip of the iceberg. Underlying each bond are the many months of work that have gone into screening nearly $1 billion in clean energy project lending opportunities, and performing due diligence in order to identify the best for our bondholders.
With our Green Bond investors, we’ve now financed more than 300 individual clean energy and energy efficiency projects across Canada. Our Green Bond portfolio contains a diverse mix of solar projects in Ontario, geo-exchange heating and cooling projects in Quebec, and LED retrofits in condo buildings across Ontario, British Columbia and Alberta.
Together, these projects have already avoided a cumulative 1,544 tonnes of CO2eq and saved or generated 15,332 mWH of clean, carbon-free electricity. That’s equivalent to the impact of 3,575 barrels of oil, 231 homes’ electricity use for a year, or 40,015 seedlings grown for 10 years.
And that’s just the beginning. 1,544 tonnes of carbon is good, but this represents only one year’s worth of impact returns. Each project in our bond portfolio has a lifespan of between five years (in the case of an LED retrofit) to fifty years (in the case of a geo-exchange project).
The catalytic financing enabled by our bondholders means leaving a legacy of impact that will extend long beyond the term of their investment.
Building a movement of impact investors
Speaking of investors, we’re proud to say that we’ve now introduced nearly 400 Canadians to the exciting world of clean energy investing.
Our Green Bond investors include grandparents investing for their grandchildren, millennials making their first impact investment, young professionals investing their bonuses, leaders in the field of sustainable business, all the way up to major financial institutions and insurance companies.
For many, this was their first time investing in clean energy or making an investment with positive social or environmental impact. While the hottest buzzword in the investment industry, impact investing is still out of reach for most investors. Opportunities for the average Canadian are still few and far between, with the majority of impact products restricted to those with deeper pockets.
The majority of our investors have invested in CoPower’s flagship 5-year, 5% Green Bond, and all-together this community has now earned a total of $142,767 in quarterly interest payments to-date.
Interested in being part of this? Our new issuance of Green Bonds will be available later this spring. Get ready to put the planet in your portfolio by completing your investor application today.
Building new markets for clean energy lending
Finally, our experience over the past year has also added to our confidence that there is a huge gap in the market that we, together with the support of our investors, are well-positioned to fill.
Small-scale clean energy projects, for example, a solar project under 5 MW, still struggle to access the financing necessary to deploy their climate-friendly technologies at scale. The markets for long-proven technologies like geo-exchange heating and cooling projects are still in their infancy due to prohibitively high costs.
Individual investors can be a part of the solution, providing the capital needed to power the transition to our clean energy future.