Muskoka renewable energy cooperative applies for support for community energy
Private landowner would share revenue with non-profit and municipality.
GRAVENHURST, ON, July 6, 2011: An new twist on the P3 model is developing in the Muskokas, where a non-profit cooperative is partnering with a private landowner and investor to develop community energy through a solar farm project, reports Allyson Snelling for CottageCountryNow. The non-profit is now seeking municipal involvement, boasting that its own profits will be reinvested in community power.
"Muskoka Community Energy founder Jeff Mole is asking the Town of Gravenhurst to consider a loan guarantee to back a green energy cooperative's investment of $4 million in a solar farm project valued between $40- and $60 million in the southern portion of town.
Mole said in exchange for the investment, the town could see a return exceeding $10 million over 20 years.
Mole is a consultant with Trillium Energy Alliance Inc., which acts as the project manager for the community power co-op Muskoka Community Energy. Mole formed Muskoka Community Energy after opposing the privatization of the Bala Falls energy project
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Posted: July 21, 2011
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