Join the Solar Energy Revolution with SPICE
Joining SPICE is more than becoming a member; it's stepping up as a leader in the renewable energy movement. Your membership signifies a commitment to invest in local economies and sustainable futures. With projects across Alberta financed directly by our members, your involvement translates into direct environmental impact and community empowerment.
Why Join SPICE?
Be a Leader in Renewable Energy
Empower Communities and Earn Returns
A lifetime membership with SPICE opens doors to unique investment opportunities in renewable energy projects. For just $50, anyone over 18 can join our cooperative, giving you a voice and vote in cooperative decisions, as well as the ability to purchase shares. It’s an investment in our collective future, yielding both social and financial benefits.
Turn Financial Capital into Social Capital
As an investor with SPICE, you join a community dedicated to creating innovative and empowering projects. From local benefits to global impacts, your investment supports a sustainable shift in energy consumption and production, fostering a healthier planet and a robust local economy.
Shape the Future of Solar Investment
SPICE is dynamic and innovative, and as a member, you’re at the helm of governance. Engage in the decision-making process and contribute to the direction of Alberta’s solar investment landscape. Your voice matters in shaping policies and guiding the cooperative’s growth.
Stay Connected with Community News and Updates
With your membership, you’ll receive the SPICE newsletter, keeping you informed about positive community developments, project progress, and upcoming investment opportunities. It’s your source for empowered and uplifting news within the renewable energy sector.
Ready to Become a Member?
SPICE Membership Application and Agreement
Memberships are available to all Canadian residents 18 years and older, Canadian organizations and businesses.
To become a member of SPICE:
Complete the application form and online payment below
- Payment without Membership Application will not be valid.
- Membership Application without Payment will not be valid. We will notify you once your application and payment are received.
- SPICE will complete your application review in the next 15 business days.
- Please contact us with any questions at email@example.com
Issuer: Solar Power Investment Cooperative of Edmonton
Total Subscription Price For One Membership Share: $50.00
Complete the Membership Application Form
Please transfer $50 as an online Interac e-Transfer to firstname.lastname@example.org
Anyone who is an individual 18 years or older and not an undischarged bankrupt can apply for a membership with SPICE by simply using our online membership application. In becoming a member, you purchase a Class A membership share for $50, which buys you a lifetime membership with SPICE. Once you are a member, you can participate in shaping the organization and invest into our Share Offerings.
The current minimum investment in our Class B Investment share Offering is 10 Shares for $100 each, which equals a minimum investment of $1000. There is no defined maximum investment amount per investor, but this Share Offering is capped at $250,000.
The term of the investment into Class B Investment Shares is 11 years. Beginning in year 2025 in respect for the 2024 year-end, the Board of Directors will annually declare a dividend which is targeted to be competitive with comparable TSE-Index dividend yield (currently around 3%). Beginning in year four until year eleven, the invested capital will be returned to the investor.
SPICE shares are not transferable or traded on a recognized stock exchange. For details on our Class B Investment Share Offering and the potential risks in investing, please contact us directly to receive and we will send you our exhaustive Offering Information.
At this time in the Class B Share Offering, investments are pooled and released into projects the Board of Directors has decided to pursue. We are planning to add the option to invest into a different Share Classes dedicated to specific projects in the future.
The money our investors invest with us is held in trust until we have developed a Community Solar project and raised sufficient funds to realize it. For each project, the Board of Directors conducts a Due Dilligence before granting approval and releasing the funds to build and operate the Solar system for the Community partner.
If we are not successful in finding communities to partner with for new projects, or potential projects proof to be not viable for various reasons or if we are not able to raise sufficient funds to realize a project, the investment held in trust will be returned to the investors.
At this time we do not offer RRSP eligible Investments or other tax benefits for our investors. We are working on implementing this in the future.
As a cooperative, we are working democratically. Every member is invited to join our annual general meeting and vote on all issues the Board of Directors presents (for specifics see our Articles and Bylaws). If a member would like to participate in the development of SPICE more directly, it is always an option to run for a position on the Board or volunteer on a committee!
We are always sharing as much information as possible about the projects we are funding. While projects are still in the development phase, they will usually not be made public until a Memorandum of Understanding is signed by all project partners.