Loans approved by the TAF board of directors in 2010-11*
$282,353 available to SolarShare, a renewable energy cooperative, for the installation of 10 kW photovoltaic systems on 16 properties. The cooperative has successfully built two projects to date: The Sunfield project, which consists of 17 ground-mounted systems and the Waterview Project, which is a thin film installation covering a 2.5 acre industrial roof.
$250,000 available to ZooShare Biogas Cooperative to assist in the development of a 500 kW biogas facility at the Toronto Zoo. ZooShare is an emblematic community energy and social enterprise demonstrating a triple bottom line of financial, social and environmental returns. TAF's investment will help ZooShare prove and advance wider financing of the co-op community power model and assist the City in meeting its council-approved GHG emission reduction targets.
$116,000 available to Harbourfront Centre to finance the installation of nine energy efficiency measures under TAF's Energy Savings Purchase Agreement Program (ESPA). Under the ESPA program, TAF finances/installs energy efficient equipment and measures, and is repaid from the savings accrued by the client. Harbourfront Centre, on Toronto's waterfront, is an innovative not-for-profit cultural organization which creates events and activities that enliven, educate and entertain over 12 million visitors annually.
$250,000 available to EnerMotion, structured as purchase order financing, to build and install up to 21 waste heat recovery systems in Class 8 Heavy Trucks (transport trucks). EnerMotion has developed unique technology to reduce diesel fuel use by capturing and storing engine waste heat to supply all the heating and cooling needs of a transport truck. They have drawn interest from several large transportation companies. The product has been lab tested, but requires road testing to demonstrate its expected one- to one-and- half-year payback.
$615,000 available to Senarra Green Energy Capital Inc. to support the installation of solar water heating systems on up to five City facilities (of which three are now installed and operating). Senarra will own and operate the systems and provide hot water on a utility service basis to the facilities at a cost that is guaranteed to remain competitive with the cost of conventional natural gas heated water.
$635,000 available to TAS DesignBuild as a "Green Condo Loan" to support the construction of an energy-efficient condominium building in downtown Toronto. The loan will provide TAS with the capital needed to incorporate energy saving enhancements, but will be paid down by the condominium corporation (unit owners) through utility bill savings.
$645,000 (revolving loan) available to Pure Energies to support the installation of company owned and operated solar systems on residences. Homeowners will share in feed-in tariff payments from the Province, but will not be saddled with the cost and complexity of system installation and maintenance. As Pure Energies builds a network of installations and cash flow, it is expected that additional financing will be secured from other lenders, allowing Pure Energies to redeploy the TAF loan to support new installations.
$630,000 (revolving loan) available to GreenSaver for the installation of an initial 60 rooftop solar power systems on City of Toronto homes. This is a very similar arrangement to the one with Pure Energies and expands the use of this financing model.
*approved transactions are in various stages of completion
Back to top