Investor & Funding Strategy Development RFP - Open for Submissions!
Now Accepting Proposals!
Bow Valley Green Energy Cooperative (BVGEC) is a grassroots, entirely volunteer-run organization facilitating the creation of community-owned renewable energy generation projects in the Bow Valley and beyond. Community renewable energy generation, or community generation, projects are financed, owned, and managed by individuals using an economic model whereby local community members invest in shares in an installation and become shareholders and partial owners.
As a social enterprise, BVGEC is developing a grassroots movement to allow everyone to participate in and benefit from the renewable energy transition. Since our incorporation in 2020, BVGEC has leveraged $178K of community investment to install 429 kW of solar panels and generated over 100-megawatt hours (MWh) of renewable energy, offsetting 60.4 tons of carbon dioxide (TCO2).
BVGEC recently received funding from the Investment Readiness Program to:
undertake financial analysis to help increase the attractiveness of our investment share offerings in a post-Covid economic climate,
support the optimization of our board, business processes, policies, and procedures, and,
create a fund development plan to support the growth of the Coop with the formation of an investor recruitment strategy.
Completing this project will allow BVGEC to access a wider pool of potential investment capital by providing us with the necessary tools to target commercial investment opportunities and, secondarily, facilitate the smooth onboarding of these new investors.
BVGEC is seeking submissions from proponents to support our organisation to:
understand the economic leavers we have to offer potential investors a higher RoR and a faster principal return timeline.
build a plan and facilitates board training to target investment beyond individual community investors.
develop the tools and strategies to target potential investors better, and
streamline our internal processes to enable the smooth transition of data and monies in and out of our Coop.
The total budget available for this work is $20,650, including GST.
Proponents shall submit their proposal to the Bow Valley Green Energy Cooperative by email to the attention of Jodi Conuel at connect@bvgreenenergy.org and copied to jodi@biosphereinstitute.org with the subject heading: FAO Jodi Conuel IRP RFP by September 15th, 2023 at 5 pm (MST).
Thank you for your interest in partnering with us for this project. We look forward to reviewing your proposals.
This project is part of the Investment Readiness Program funded by the Government of Canada's SI/SF Strategy and is funded by:
