$3 million for community groups pursuing
renewable energy in Ontario
(Toronto, ON — The Community Power Fund has
launched today a new $3 million fund to support community-owned renewable
energy projects in Ontario. This fund is the first of its kind in Canada.
Eligible renewable energy projects include those involving wind, solar
photovoltaic and solar thermal, small-scale hydro, geothermal and biogas
technologies. Incorporated groups, including farmers, First Nations and
community groups, can apply.
The fund is operating two grant programs. The first is a Small Grant Program
for feasibility studies and strategic opportunity exploration. Eligible
applicants may receive up to $25,000 toward their projects. The second is a
Large Grant Program to support project development, with the possibility of
up to $300,000 in funding.
"I am delighted that there is now a financial mechanism to support the start
up and development of community-based renewable energy projects," says
Deborah Doncaster, Executive Director of the Community Power Fund. "We look
forward to receiving some robust proposals."
Ms Doncaster, formerly the Executive Director of the Ontario Sustainable
Energy Association, is the driving force behind the creation of this fund.
The Community Power Fund's original endowment was advanced in March 2007
from the Ontario Government in the amount of $3 million.
"We appreciate the vision of the provincial government in endowing the start
up dollars for community power development," says Joyce McLean, Chair of the
Community Power Fund.
The intention of the fund is to attract additional capital in order to
transition the fund into a long-term, sustainable financial organization
that provides a combination of grants, loans and investment opportunities.
"Communities are great incubators of sustainable concepts. The Community
Power Fund can now help turn those concepts into reality," says Dr. David
Suzuki, Chair of the David Suzuki Foundation. "This groundbreaking Community
Power Fund is a small step to a more sustainable future. Let's hope it
inspires similar funds to reward ecological ingenuity and renewable energy
Details about the Community Power Fund's programs can be found at