TORONTO, July 4, 2013 /CNW/ - ZooShare Biogas Co-operative Inc. is very pleased to announce that it has received a Feed-in Tariff (FIT)
contract offer from the Ontario Power Authority for its 500-kilowatt biogas plant, to be built at the Toronto Zoo in 2014. This represents a major milestone for ZooShare, which will be
unique in North America for generating renewable electricity from zoo
animal manure and food waste.
ZooShare is funding the project through the sale of bonds to Ontarians
who want to help the environment, support the Zoo, and at the same time
make a healthy return on their investment. The bonds pay 7% per year
for 7 years, but purchasers need to be a co-op member to get them.
Membership costs $100, and those who join the co-op before September 1
will get $100 off the first bond purchased, essentially making
Each year, Canada's first co-operatively owned biogas plant will turn
the Zoo's manure output (equal to the weight of 15 pandas!) and food
waste from grocery stores around the Greater Toronto Area into enough
clean, renewable electricity for 250 homes. Resulting emission
reductions are equivalent to removing 2,100 cars from the road, and
annual contributions to the Zoo will total at least $50,000.
To date, ZooShare's 127 members have invested $460,000 and the co-op has
secured $172,000 in grant funding from the Community Energy Partnership Program and the Toronto Community Foundation.
"The ZooShare Biogas partnership will incorporate a unique community
funding model that will showcase waste management best practices to the
public. This closely aligns with the Toronto Zoo's education and
sustainable environmental programs," said John Tracogna, Chief
Executive Officer of the Toronto Zoo.
"The Zoo is proud to be part of a such an exciting, innovative project,"
said Joe Torzsok, Chairman of the Toronto Zoo. "Reducing the Zoo's
carbon footprint while creating new revenue streams and reducing costs
is a win-win. We looking forward to ZooShare bringing this project to
"ZooShare started in late 2010 with the idea that a group of individuals
could invest in a local project to turn manure and locally produced
organic waste into usable energy, while earning above average returns
and creating positive environmental change," said Daniel Bida,
Executive Director of ZooShare. "We would not be here today if it were
not for the belief of the Toronto Zoo, our members, investors, staff,
directors, volunteers, suppliers, and friends in that idea."
About ZooShare Biogas Co-operative
ZooShare Biogas Co-operative Inc. is a non-profit renewable energy
co-operative developing a 500 kW biogas plant on the grounds of the
ZooShare's mission is to, through education and investment, be a
catalyst for the growth of community-owned biogas plants.
SOURCE: ZooShare Biogas Co-operative Inc.
For further information:
To learn more, please contact
Daniel Bida, Executive Director