What type of investor are you?
Please select the category that best describes you.
In order to view full investment details and our offering memorandum, you must complete this step.
- My net income before taxes was
$75,000 or less; and
- My net income before taxes, with my spouse, was $125,000 or less; and
- My net assets; with my spouse, are $400,000 or less.
I am an individual with either:
- Over $400,000 of net assets, alone or with my spouse; or
- Between $75,001 and $200,000 of net income before taxes; or
- Between $125,001 and $300,000 of net income before taxes, including that of my spouse.
I am an individual with either:
- Over $1,000,000 of financial assets; or
- Over $200,000 of net income before taxes; or
- Over $300,000 of net income before taxes, including that of my spouse.
I am acting on behalf of a trust, partnership, or corporation which either:
- Has $5,000,000 of net assets; or
- Is controlled by individual accredited investors; or
- Is an advisor; or
- Is a registered charity; or
- Is a trust established by an accredited investor for the benefit of his or her immediate family members.
Financial Assets means most assets except for real estate. In other words, it could include cash, stocks, GICs, mutual funds, insurance contracs and other investments, but would exclude your personal residence. Investment products that hold real estate, such as REITs, do however count as financial assets.
When you invest in Green Bonds you’re investing in a diversified portfolio of loans to clean energy and energy efficiency projects. The projects generate steady revenues from the sale of clean energy or energy savings, allowing you to earn competitive fixed returns while reducing carbon emissions.
Documentation and Downloads
Who can invest in CoPower Green Bonds?
CoPower Green Bonds are available to individual investors, pending a positive suitability assessment. Our current Green Bond investors include millennials making their first investment, grandparents investing on behalf of a grandchild and investment advisors at major institutions making purchases for clients.
CoPower Green Bonds are currently available for investment via the CoPower platform in Ontario, British Columbia, au Québec, Alberta, Saskatchewan, Yukon, Manitoba and Nova Scotia. Canadians outside of eligible provinces and territories may invest via a securities dealer. Please contact email@example.com for more information and sign up for our mailing list to receive notifications as we work to become available across Canada.
Is there a minimum investment?
The minimum investment amount in CoPower Green Bonds is $5,000. Thereafter, investors can purchase bonds in increments of $1,000.
How and when will I see my returns on my Green Bond investment?
You will start earning interest immediately on the date that your CoPower Green Bonds are issued. CoPower Green Bonds are issued on the first day of every month.
If you select a simple interest bond, you will receive quarterly interest payments deposited directly into your bank account, and principal will be repaid at maturity.
If you select a compounding interest bond, each quarterly interest distribution will be reinvested into green bonds, and you will then earn interest on all interest accrued, as well as on your principal investment. In this case, all principal and interest would be repaid at maturity.
How does CoPower make loans to the projects backing the Green Bond portfolio?
CoPower originates loans through trusted channel partners: energy firms with specialized development expertise that manage the installation process. Each project loan follows a standard due diligence exercise and checklist and is structured by our team of experts, with oversight provided by the Chief Investment Officer and support from experienced legal counsel.
We maintain a standard due diligence checklist which is adapted to suit the needs of each individual loan. CoPower’s due diligence typically includes a review of both the sponsor and the project in question.
CoPower will review the sponsor’s corporate history, background, development expertise, management team, financial performance, liabilities, conflicts of interest and share capitalization.
In terms of the project, CoPower will review and analyze financial projections and assumptions, the project development schedule, suppliers of technology and feedstock, operations, maintenance regulatory considerations, environmental problems or claims and insurance. Details regarding our due diligence process can be found in the CoPower Green Bond Offering Memorandum dated May 11, 2018.
Is an investment in CoPower Green Bonds secure?
The project loans underlying CoPower Green Bonds are secured by part of the project assets. We are also careful to invest in projects we believe to be of high quality: clean energy projects primarily in Canada, that produce or are expected to produce a steady revenue stream. We lend to projects where there is a strong counterparty (ie. end payer), and we require certain security mechanisms, such as insurance, warranties, and debt-service reserve funds, to further mitigate risk for our investors.
Important disclosures about our investment criteria, risks of an investment in CoPower Green Bonds, conflicts of interest and risk mitigation procedures are outlined in the Green Bond Offering Memorandum dated May 11, 2018. All investors should read the Offering Memorandum before investing in CoPower Green Bonds.
Are there any fees associated with investing in CoPower Green Bonds?
CoPower bears all issuing, management and administrative expenses of CoPower Green Bonds, so the projected annual return that we disclose is your expected net return. If you invest in CoPower Green Bonds directly via our platform there are no investor fees, period.
Note that some financial institutions may charge additional fees for holding private placements in registered accounts. Please inquire with your registered account custodian whether additional account administration fees, transfer fees or placement fees apply.
If payment is made by wire transfer or cheque instead of pre-authorized debit, a $25 processing fee may apply.
Can I invest through an RRSP or TFSA?
CoPower Green Bonds are eligible to be held in most registered accounts (eg. RRSP, TFSA, RESP, RRIF).
All CoPower clients can open a registered account at Olympia Trust or Questrade and invest in CoPower Green Bonds. Certain administrative fees apply, and your financial institution may charge you fees for holding private placements on your behalf.
Check out our RRSP Calculator to find out if this route is right for you, or email firstname.lastname@example.org and one of our investment representatives would be happy to help you.
Can I invest via my own financial institution, advisor or brokerage?
While the majority of investors choose to invest directly through CoPower’s platform, there are growing number of financial institutions, wealth managers and online investment brokerages that have successfully facilitated CoPower Green Bond investments for their clients. If you don’t see your institution or wealth management firm on this list, get in touch with us and we’ll help you explore your options: email@example.com.
All CoPower investors can open an account at Questrade to purchase or hold CoPower Green Bonds in registered or non-registered accounts. We’ve provided additional information about this option here.
All CoPower investors can open an account at Olympia Trust to purchase or hold CoPower Green Bonds in registered accounts.
It’s important to note that financial institutions each have different policies and possibly fees associated with holding private placements on your behalf. Ask your current account administrator about their private placement policies or email firstname.lastname@example.org for more information.
I’m an investment advisor. Can I buy CoPower Green Bonds or other investments on a client’s behalf?
Yes. CoPower Green Bonds can be purchased on a client’s behalf as a private placement. Please email email@example.com for more information.
Can I sell my Green Bonds?
No, CoPower Green Bonds are private investments and are not traded on any public exchange and cannot be easily sold or traded on a secondary market. Investors should be prepared to hold their bonds to maturity.
How do you track the impact of investments?
The impact projections noted on this page are based on internal calculations performed by CoPower. Our calculations use data provided by project developers and governmental authorities from the previous calendar quarter end and rely on reasonably held assumptions of CoPower Inc.
CoPower Inc. makes no representation as to the accuracy of these figures - they are provided for the purpose of giving our investors a sense of the relative magnitude of the carbon impact of their investment. For more background on how we calculate our impact figures, please click here.
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