ZooShare bonds are Community Bonds, a local investment opportunity that allows you to support a project that benefits the environment and earns a stable annual return of 5% or 5.5%.
Each year, ZooShare’s biogas plant will divert 15K tonnes of inedible local food “waste” from landfills, reduce C02-equivalent emissions by up to 20K tonnes and generate 500kW of renewable power for the Ontario grid. Upon potential expansion of the plant, ZooShare will also produce Renewable Natural Gas (RNG).
Join over 700 ZooShare members who have invested over $7 million to build Canada’s 1st zoo-based biogas plant! We are currently waiting for our new Offering Statment (like a prospectus) to be approved before we can sell the remaining 20% of our bonds. Please click here to sign up for the waiting list.
ZooShare has begun the process of making our bonds RRSP/TFSA eligible, however, we do not know when this process will be completed: it requires of an independent valuation by a financial services company that will then be used to underwrite a legal opinion that ZooShare bonds are RRSP/TFSA eligible, and this legal opinion will be available for anyone who would like to transfer their bonds into an RRSP/TFSA account. There is no guarantee that your financial institution will allow you to hold ZooShare bonds in your RRSP/TFSA account.
Please make your investment decision as if ZooShare bonds are not eligible.
As construction of the biogas plant is now complete, Series 4 and 5 bonds are being used to redeem and refinance maturing Community Bonds and Insiders loans. They may also compliment funding from Environment and Climate Change Canada to potentially expand the capacity of the biogas plant.
ZooShare generates revenue in 2 ways:
1) ZooShare is producing power for the Ontario grid: we have a 20-year contract with the Independent Electricity System Operator (IESO) that ensures we will be paid a fixed rate of $0.17 per kilowatt-hour that we produce.
2) ZooShare will be paid to accept and process organic waste (known as “tipping fees”) and 3)
Finally, in the near future, ZooShare will likely sell fertilizer, a final by-product of the anaerobic digestion process.
ZooShare bonds are subject to a number of risks common to start-up ventures in general, as well as specific risks associated with electrical generation and anaerobic digestion.
The primary risk is Operating Risk – that as a result of mechanical breakdown or a lack of suitable feedstock, the plant could not make the biogas/power/revenues that ZooShare projected. That being said, all of the equipment is insured, and ZooShare has business interruption insurance. Regarding feedstock, ZooShare has secured contracts from multiple waste management companies to supply the material that’s needed. Given the plant’s favourable location close to where significant volumes of organic waste is produced, and being the only facility in the City of Toronto that can accept commercial organic waste, there is little risk that sufficient feedstock will be available during the life of the project.
For a complete list of risks, please see page 19 of our 2020 Offering Statement.
Community Bonds Series 4 and 5 will rank equally with each other, but behind Community Bonds Series 1, 2 and 3, Founders Club Bonds, and Insiders loans.
They are secured by a float ing charge in favour of Brian Iler as Trustee, for the benefit of the bondholders, on ZooShare’s interest in the LP, on the terms set out in the Trust Agreement.
ZooShare Biogas Co-operative was founded in 2011 by Daniel Bida. In 2013, ZooShare received its Feed-In-Tariff Contract and launched its first public bond-offering of $2.2M. In 2015, due to popular demand, ZooShare issued a second and third round of bonds which raised over $1M.
In 2019, ZooShare joined forces with Oshawa PUC Energy Services (OPUCES), a municipally-owned sustainable energy corporation, to complete the final milestone of the Toronto Zoo Biogas Project. ZooShare also received a $2.67M grant from Environment and Climate Change Canada to potentially expand the plant and double its impact .
In December 2020, ZooShare completed construction of the biogas plant and issued a new round of bonds (Series 4 and 5) to redeem and refinance maturing bonds.
In April 2021, ZooShare began to generate and export power to the Ontario grid. A virtual tour and ribbon cutting ceremony is planned for members and partners this summer.
Want to see the biogas plant in-person, from a safe distance? Check out the trail next to the Rouge Valley Conservation Centre (AKA Pearse House) at 1749 Meadowvale Road: There are 3 trails in Rouge National Urban Park, ranging from 1.5km to 3.5km, but the best view of the biogas plant is just a couple of minutes from the trail head. Please note that while we plan to offer supervised tours in the future, the biogas plant is an industrial site and members of the public are not allowed. Please stay on the trail. Click here for directions and parking information.
No, ZooShare is a non-profit co-operative separate from the Toronto Zoo. The Zoo holds a permanent position on our Board.
Biogas is the gas created from the breakdown of organic waste. The gas is formed when bacteria eat organic waste and release methane, carbon dioxide and other gases. Instead of letting these greenhouse gases escape into the atmosphere, we capture the gas and store it until it can be used to create energy.