Green Timiskaming: Green Developments
Green Timiskaming has been approved for 10 solar developments in the Timiskaming region. Read project profiles for upcoming
ARMSTRONG TOWNSHIP ARENA ROOFTOP
The first solar development by Green Timiskaming will be located on the roof of the Armstrong Township Arena in Earlton, Ontario on Highway 11 about 200 km north of North Bay. The 250kW installation has a captial cost of approximately $600,000 and is scheduled to be built in the late fall/early winter of 2015.
This project has received a grant of $20,000 from Bullfrog Power.
Members of the co-operative have invested in bonds to help build this project. There are two types of "Northern Solar Bonds". Five-Year Northern Solar Bonds have a 4.5% return and are a $500, 5-year investment. Twenty-Year Northern Solar Bonds receive a return starting at 5% increasing every fifth year to 12.75% by the 16th year. Minimum bond purchase is $1,000 with a 20-year term. Membership fees are $10 for three years. A 21-year membership is included in your bond price when you invest in a Green Timiskaming solar project.