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Tuesday, May 3, 2011

Solar Power Co-op Ready

Huron Perth | by Peter Jackson  

Countryside Energy Co-operative may expand into energy from waste in the future

An alternative energy marketing company serving Huron and Perth Counties that's been in existence for the past six years is finally making some headway.

The Countryside Energy Co-operative started operating in 2005 but has only just been granted the right to sell shares to potential investors.

The Countryside Co-op is now inviting investment in energy production through solar power installations mainly on rural properties.

General-Manager Pam Stanley says the company was in for a long wait to gain approval from the province to sell shares.

In February 2010 Financial Services of Ontario -- the co-operatives regulator with the Ontario Securities Commission -- told Countryside officials the approvals process would take 10 weeks.

Stanley says they had to wait 10 months for approval which was granted in December.

She says there are other hurdles to clear.

Stanley tells us the most important challenge is in being able to feed electricity into the local distribution system on which there is already very little room.

Countryside Co-op may not necessarily stick just to solar power as a means of green energy production.

Stanley foresees a time when Countryside might expand into production of energy from waste including bio-diesel and bio-gas.

 


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