CoPower unveils first tranche of $20 mln green bonds issue

Clean energy investment platform CoPower announced the first $2.5 million tranche of its $20 million issuance of green bonds is now available to individual investors. The first tranche is backed by two portfolios of loans to more than 150 LED lighting retrofit projects in condominiums in Ontario, British Columbia and Alberta. CoPower said it expects the next loans to be added to the portfolio will come from geoexchange heating and cooling projects in Québec and solar projects in Ontario. The bonds program was backed earlier this month with $1 million in financing from Vancity Capital Corp.

FundraisingManagersCanadaNorth AmericaFundraisingBriefs