Welcome to Community Energy Development Co-operative (CED Co-op) a renewable energy co-operative that generates clean green energy to sell back through the electrical grid at a profit and generate a return for our members.
CED Co-op has partnered with community minded businesses and together we have secured 27 Feed–In Tariff contracts from the Ontario Power Authority. Each contract is good for 20 years and has a fixed price. The fixed price allows us to generate revenue and provide our members with great investment opportunities in clean energy with excellent returns. We are currently building solar projects in Waterloo Region, the City of Guelph, and the City of Greater Sudbury (the Town of Blind River).
We currently have over 600 members and are growing strong. Membership is open to any person who lives in Ontario and is 16 years of age and older. As per the democratic principles of a Co-operative, each CED Co-op member pays $10 for one membership share which gives them one vote (only one share per member). Investment is open to individuals 18 years of age and older.
To provide superior returns on investments in renewable energy projects through effective partnerships between community and industry.
To make a positive impact on the energy industry in Ontario, providing stakeholder education, distributed generation and community participation.
As a co-operative, CED Co-op is guided by the 7 Co-operative Principles that guide the operations of all Co-ops. As a developer of renewable energy projects, CED Co-op is guided by the principles of socially responsible investment.
Why join Community Energy Development Co-operative? These are the top 4 reasons our members give when asked why they joined:
The investment opportunities offered by CED Co-op are expected to provide consistent long-term returns. The returns meet the levels desired by professional investors.
Support local development in your community, enabling projects to be built in your municipality. Communities with co-cooperatively owned renewable energy projects benefit from economic stimulus and growth opportunities for service providers, construction companies, and additional jobs in a growing industry sector. To date we have solar projects underway in Blind River, Guelph, and the Region of Waterloo.
Your membership in CED Coop supports clean, renewable solar energy. You can take an active role in reducing climate change, provide cleaner air for future generations, and help end our reliance on dirty energy sources. As the use of renewables increases, the costs to develop the systems and produce power decrease. This is counter to the properties of many other energy sources, including fossil fuels.
CED Co-op is a democratic organization where each member is entitled to attend meetings and cast one vote. Every member has an equal voice in guiding the operations of the co-op, which then partners with facility and landowners in project ownership and revenue sharing.
All you need to do to become a CED Co-op member is send in a membership form and pay $10 for your lifetime membership share.
Follow our 5 easy steps and become a Community Energy Development Co-operative member.
CED Co-op is governed by a volunteer board consisting of up to 11 directors elected by the membership. The current board members are:
David is the Manager Lead for Business Performance and Analysis at Revera Inc. His responsibilities there include forecasting, budgeting and multi-year planning, providing financial expertise and decision support for the Long Term Care division. Previously, David worked as a finance manager in the health care, consumer packaged goods and service industries.
Art is a self-employed carpenter / contractor in the Sudbury area. Previously, he founded and ran a successful cabinet-making business. Art brings a northern perspective in helping to plan the development and construction of projects, as well as a strong interest in environmental issues and prior board experience.
John has been involved in business operations through work with Martin Mills Inc. and the pet food divisions of HJ Heinz and Del Monte including responsibilities for logistics, operations, risk reduction, and sales. He holds a BSc and has attended Risk Reduction Management programs from the Chicago Board of Trade (now CME).
Dale is an owner of solar developer Vigor Clean Tech Inc. He previously spent 17 years at BlackBerry helping build the company from startup to major global corporation. Dale is also chairman of Mennonite Savings and Credit Union, serves on the board of several other companies and is a former director of Sustainable Waterloo Region.
Al is a senior executive with broad-based experience in business, international development, and education. He has spent over 4 years as CEO at International Development Enterprises and 8 years at Palliser Furniture, including time in the role of Senior VP Operations. Al has also worked at Canadian Foodgrains Bank, Trojan Technologies, Menno Travel Service, and MCC.
Blair is a practicing lawyer who also holds an economics degree. and has worked in the financial services industry for 20 years as in house counsel. With experience in strategic direction, consensus building, and understanding regulatory requirements, Blair has learned to think outside the box to reach business objectives.
Elizabeth has experience as a senior executive to various sized teams having worked primarily for not-for-profit healthcare and social service organizations. Liz has worked at House of Friendship, Tri-County Mennonite Homes and Waterloo Regional Homes for Mental Health. Previously Liz has been on the board of MennoHomes,and Mennonite Women Bi-National. Liz has extensive knowledge of change management, strategic planning and is a strong advocate of servant leadership.
Anton is a solar PV professional with experience designing, constructing, and selling solar projects at Guelph Solar Mechanical and Soventix Canada. Within a 6 month period, he originated and permitted 1.1MWp of commercial solar PV projects, where no commercial business existed before. This has given Anton insight into the IESO FIT Program, contract applications, and management of renewable energy projects.
Jason is an accomplished finance and investment professional with expertise in credit and financial risk analysis. His experience includes Senior Managing Director of Structured Finance at Pacific & Western Bank Canada, Senior Analyst of Market Development at Sun Life Financial, and Senior VP of Risk and Compliance at Securcor Financial Group.
Dan holds a certificate in Mechanical Engineering Technology from Conestoga College. He spent 10 years working on energy generation and power plant facility design at Babcock and Wilcox. He served as Vice Chair for the union, and is active in facilities management for a local charity, working on sustainability and energy efficiency retrofits.
Brian is the President of solar developer Vigor Clean Tech Inc. He is a former branch manager of Mennonite Savings and Credit Union and a Fellow of the Credit Union Institute of Canada. Brian is one of the founding members of CED Co-op and has served as the President of the organization since its incorporation in 2012. He also currently serves on the board of the Federation of Community Power Cooperatives.
Joining the co-op provides the following benefits:
Membership in Community Energy Development Co-operative is open to individuals, who are residents of Ontario, 16 years of age or older. In order to invest in CED Co-op members must be 18 years of age or older. Corporations may invest in CED Co-op, but are not eligible for membership.
Fill out the Membership Application form and sign the application to buy your member share. Once the board of directors meets to review and approve applications, membership is officially granted and a memberchip certificate is mailed to you. We are happy to help with filling out the forms to make the process as quick and simple as possible. You can contact CED Co-op using the contact form on this website, or feel free to email us at email@example.com , or you can call us at 1-855-274-6890.
CED Co-op is a co-operative corporation that is registered with the Financial Securities Commission of Ontario and the Canada Revenue Agency. Because you are buying shares in the Co-op , the CED Co-op is required to gather this information so that any dividends or interest paid to you as a shareholder of the corporation can be properly reported. All member information is stored in a secured vault in the CED Co-op offices.
The requirements of membership mandate that each member must purchase a minimum of one member share at a price of $10. This does represent the purchase of a share in a corporation (albeit a co-operative one) and as such it does represent an investment.
Our recommendation is that you read the share subscription agreement http://cedco-op.com/files/CED-Co-op-Membership-Ts-and-Cs.pdf and discuss any investments that you may wish to make,with a lawyer and/or an accountant.
The $10 of member shares can be sold back to the co-op when you close your membership.
Typically within co-operatives, member shares are held at their original value and are not paid interest or dividends. At this point, CED Co-op is not anticipating paying dividends or interest on the member shares.
No. We are only requiring the purchase of a single $10 member share from each person. Purchasing a membership share does not mean that you agree or commit to purchasing any further amount of shares or making any further investment in the Co-operative.
There may be further opportunities for investment in the co-operative, Co-op members will be given time to independently evaluate future investment opportunities at the time they are offered.
Attendance at Annual General Meetings or member meetings is not required, however it is encouraged. Attending the meetings however; is an opportunity for you to provide input into guiding the operations of CED Co-op and see the updates on the status of the development projects.
Typically there have been one or two meetings a year. CED Co-op will do its best to provide electronic methods of attending meetings from distance, but you can only vote at the meetings if you are in attendance (electronic included), no proxies are allowed within the laws of co-ops.
No. If you are interested in having solar on your property or facility, that is something that we can explore with you, but at this time, joining and investing in the CED Co-op simply supports the contracts we have already received for the development of solar projects on properties that have already been identified separately from the membership process.
Check out our good friends Vigor Clean Tech who are doing the installation for CED Co-op’s projects.