The Community Power Fund is a $3 million Fund that will support project development activities of Ontario-based community organizations pursuing local renewable energy projects. The Fund will disburse $2.5 million in grants and spend $500,000 on operations, capacity building and management. We will initially operate for 3.5 years, from August 2007 until the end of 2010. The Fund is seeking additional seed money in order to make a transition from a short-term grant program into a sustainable loan and investment organization. The Fund is seeking $10 million in seed money before 2010 to make this transition.
Mission
To provide financial and technical support to communities working to develop, build and own renewable energy projects in Ontario.
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