Green Timiskaming Co-operative is a renewable energy co-operative that is promoting and investing in local green energy projects. It has received approval for ten solar energy projects totaling 4 megawatts that will be built between 2015-2017. The co-operative is offering Northern Solar Bonds to raise $2.5 million from members to fund 51% of the capital costs and become majority owner. Bonds are available in 5-year terms paying 4.5% annually or 20-year annuity bonds with rates from 5-12.75% over the term. Funds raised will finance solar energy projects that provide clean energy and local economic benefits.

2. Who We Are
Ambrose Raftis
President, Green Timiskaming
Development Co-operative
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3. Who We Are
Marc van Beusekom
Senior Development Consultant,
Options for Green Energy
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4. Who We Are
 A renewable energy co-operative
(One of more than fifty in Ontario)
 240 + members made up of your
friends and neighbours
 Promoting and investing in a local
green economy.
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5. Northern
Solar Bonds
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5 Year Term Bond
Minimum Investment $500
Year 1-5 4.5%
Principal Repayment At maturity
Bonds Offered
20 Year Annuity Bond
Minimum Investment $1,000
Year 1-5 5%
Year 6-10 6.50%
Year 11-15 8.25%
Year 16-20 12.75%
Principal Repayment
5% per year beginning in year 1
OR
10% per year beginning in year 11

6. What We’re
Building
 Green Timiskaming in partnership with
Soventix Canada and Endura Energy
received approval for ten “FIT” contracts
from the Ontario Power Authority
 250 kW Earlton Arena rooftop solar
 Nine 500 kW ground-mounted solar
projects near Englehart
Solar Energy Projects
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7. Partnership
Structure
 51% Owner Operator
 Regional Co-Op
Developer
 Development and
construction financing
 Not for Profit Co-Op
development Partner
 Engineering,
procurement and
construction
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8. Solar Power
in Action  250 kilowatts output
 Lease agreement with Earlton
 Target date – completion by late 2015
Earlton Arena Project
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9. Solar Power
in Action
 Nine 500 kilowatt installations
 Each site is approximately 7 acres in size
 Lease agreement with land owners
 Target completion dates – 2015 - 2017
Ground Mounted Projects
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10. Feed in
Tariff (FIT)
 A 20 year power purchase agreement with
Hydro One
 GT receives a guaranteed fixed price per
kW hour produced
 Provides a reliable long-term income
stream
Solar Energy Revenues
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11. The Clean
Energy
Industry
 Clean Energy Jobs up 37% in 5 years
 23,700 direct jobs in the sector in 2013
(surpassing the oil sands industry!)
 $6.5 Billion invested in 2013
(up 45% in one year!)
 The global clean energy transition is well
underway and is now BIG BUSINESS in
Canada!
 Foreign investment currently leading the way
in Canada
Green Energy Sector
Growth in Canada
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12. Local
Benefits
 Local ownership and accountability
 Investment and lease income
 Retain profits from our energy resources
 Hiring local suppliers and contractors
 Surplus revenues will be invested in
additional economic development projects
 Generate long term employment
opportunities
Advantages of a
Community
Energy Co-Op
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13. Northern
Solar Bonds
 Total Capital Cost: ~ $18 million
 Member Investment: require $2.5 million
in bonds over next three years to fund 10
projects at 51% ownership
 $125,000 for Earlton Arena, $265,000 per
Solar Garden
 Offering Statement for Bonds approved by
Financial Services Commission of Ontario
 Bonds available on web site
Investment Required
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14. Northern
Solar Bonds
20 Year
Annuity
Bonds
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20 Year Annuity Bond
Minimum Investment $1,000
Year 1-5 5%
Year 6-10 6.50%
Year 11-15 8.25%
Year 16-20 12.75%
Principal Repayment
5% per year beginning in
year 1
OR
10% per year beginning in
year 11
Investment Opportunity

15. Northern
Solar Bonds
Repayment
Option 1
Return on Investment
6.64% average return on outstanding principal
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16. Northern
Solar Bonds
Repayment
Option 2
Return on Investment
7.0 % average return on outstanding principal
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17. Northern
Solar Bonds
Early
Redemption
 Can redeem principal after 5 years
provided replacement capital is available
 Rising interest rate over time makes
bonds attractive to future investors
 Administrative fee of 2% to redeem
principal if co-op provides replacement
 Fee waived if member brings in
replacement member
Redemption Terms
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18. Northern
Solar Bonds
5 Year Term
Bonds
 Competitive annual interest of 4.5%
 Entire Principal repaid at end of 5th year
 Minimum investment of $500
 Option to renew at end of term may be
available
 $12,250 returned after 5 years on $10,000
bond
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Investment Opportunity

19. Northern
Solar Bonds
 $165,000 grant from Community Energy
Partnership Program (CEPP)
 $67,500 in bonds sold so far in March
2015. (~50% of amount needed for
Earlton Arena).
Funds Raised to Date
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20. Community
Wealth
 GT surplus revenues from Projects to be
held by Community Wealth Non-Profit
 Community Wealth is the guarantor for
member co-ops
 Surplus used to finance additional
sustainable development projects
Re-investing in
Communities
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21. Local
Support
 Northern Solar Bonds part of the new but
growing “Community Bonds” alternative
financing model
 Practical way to circumvent the banks and
invest in beneficial and profitable social
enterprises.
Spread the Word about
Northern Solar Bonds
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22. How to
Purchase a
Bond
 http://greentimiskaming.ca/purchase_a_so
lar_bond
 Review FAQ, Investment guide
 Download Offering Statement
 Fill out Subscription form
 Mail in form with cheque or completed
Pre-Authorized Debit Form
Northern Solar Bonds
Now Available
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