VANCOUVER RENEWABLE ENERGY CO-OP

BEware,  the term Co-op isn't what you think it is, its a co-operative of workers all involved in selling and making a profit from the sale of solar systems, a little deceptive I would say.

 Paying dividends?  There first big system I have read they claim 5% returns annually, another article says 3.3% returns? Which is it?

Figures don't lie and Liars don't figure.

BCHydro pays 9.9c/kWh for solar,  this "co-op" somehow has convinced the building owners to pay a premium of 14c/kWh for solar power.  They suggest annual power made might be 25,000kWh.

The cost of money $69,000 at bank rates is over $4000 annually.

They will be lucky to make 23,000kWh, consider any extra a bonus, solar panels age and make less every year.

They will be lucky to make $3300 annually, less than the cost of money, where do the dividends come from?  There can be no dividends if there is no income!

 BC Hydro pays on the anniversary date of installation for any power that might get to the grid, that means no return on the money spent to install the system, free money for BC Hydro, and the lost opportunity to earn investment income this money would otherwise earn.  $69,000 simple interest invested for 5% in one year makes $3500.  This compounds annually, at the end of 20 years they would have $187,000.

In 20 years their solar panels will likely be toxic junk and have lost them money every year for power that isn't green.


The SolShares prospectus has it correct  this is a risky investment "you could lose all your money"!

The Principals involved in the "not for profit" VREC are the same principals whose company sells the equipment?  A little too vertically integrated.

My aim is tell the other side of the solar power story for BC that continues to pick the public's pocket and others for solar that cannot help us, and isn't green power.   The bleed of public money into solar projects in BC has to stop and be spent where society can benefit, microhydro  is the only thing I see that makes sense for my grandchildrens future.   All these expensive worn out useless solar panels in 20 years will be headed for the toxic landfill dump, while microhydro projects will make power into the next century and beyond.

There has to be someone subsidizing this Vancouver "coOP"  profit system for their feel good but misinformed dirty "green" power.

So far I cannot find the audited information they keep telling me is available.  Bullfrog Power might be the other part of this story.  Someone wrote about Bullfrog Power "it's like selling tap water for bottled water prices".
What does Bullfrog power get?  Their angle is to resell this pretend "green" solar power for premium prices to whomever thinks they are helping to save the planet.  They say they return funds for other renewable energy projects,  that would be after they pay all their Toronto Bay Street executives.  Toronto City Hall was connected to someone at Bullfrog somehow and paid something like another Million dollars for their "green" bullfrog power.   Next year I believe that connection was gone, the Toronto CFO was asked will the city renew their contract for Bullfrog Power?  The CFO stated "IT WON'T SEE THE LIGHT OF DAY!!!"