The green energy economy is looking rock solid as solar and wind dominate the future of electricity. This is happening for a simple reason - these resources have finally become profitable.
Twenty years ago, investors were reluctant to take the risk because of unreasonable installation costs and resource intermittency. Since then, the rapid rise of battery storage and fall of installation costs have left investors wishing they saw it coming, like Thomas Edison did.
“I’d put my money on the sun and solar energy. What a source of power! I hope we don’t have to wait until oil and coal run out before we tackle that." - Thomas Edison, 1931
Kitchener’s Local Initiative for Future Energy Co-operative (LIFE Co-op) aims to take monetary advantage. They are a member-owned company that earns money while building an environmentally sustainable energy system. The way it works is quite simple:
“Members and investors purchase shares in the co-op; the co-op then invests the funds into the development of renewable energy facilities, often in partnership with other owners. Once projects are up and running, LIFE receives its share of the profits, which it distributes to its investors, annually or semi-annually.”
“I invest because I have always wanted my retirement income to be harvested from the wind and the sun.” - Linda Laepple, Director and Founding Member at LIFE
LIFE Renewable Energy (solar/wind) projects installed and operating
LIFE's ownership share in these facilities
Contract capacity across all LIFE Projects
Becoming a member of LIFE Co-op means much more than just financial return. LIFE is driven by a community of clean energy stewards seeking to protect the environment from the uncertainty of climate change. The membership allows for ownership and participation in the decision-making process. Members are also encouraged to volunteer during the implementation of projects, and at events.
Want to get involved as soon as possible? September 23rd, LIFE is participating in Green Energy Doors Open with a solar project at Mapleton’s Organic Dairy near Teviotdale. The project will be open for viewing, and Mapleton’s will be providing great organic ice cream!
The time has come for communities to take action, rather than to agree that climate change is a threat and do nothing about it. One might speculate that it is worse to agree and do nothing, than to deny it altogether. LIFE provides Waterloo Region residents with the opportunity to make a difference, today.