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SES Solar Co-operative Ltd.
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Join Us

By becoming a members in the SES Solar Co-op, you’re directly contributing to the expansion of the renewable energy economy in Saskatchewan. You can become a member by owning one Class A Share and one or more Class B Shares.

The average Saskatchewan household uses about 8,700 kilowatt-hours of electricity each year – about 14 Class B shares is enough to generate this amount of electricity.

Members have one vote at meetings regardless of how many preferred shares they own. Members may also run for the Board of Directors on an annual basis, for terms up to three years, to oversee the operations of the co-op. Check out our bylaws on our Resources page.

To become a member of the Co-op, you must be over 18 and a resident of Saskatchewan. If you move out of province, you may continue to own shares as long as they were purchased while you were a resident of Saskatchewan.

Want to learn more?

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Open image in lightbox: Members are key contributors to the Co-op. Open image in lightbox: Members are key contributors to the Co-op.
Open image in lightbox: Open image in lightbox:
Open image in lightbox: One Class A share equals one vote at meetings. Open image in lightbox: One Class A share equals one vote at meetings.
Open image in lightbox: One Class B share is 475 watts of solar generation capacity. Open image in lightbox: One Class B share is 475 watts of solar generation capacity.
Open image in lightbox: Members can run for the Board of Directors. Open image in lightbox: Members can run for the Board of Directors.
Open image in lightbox: Shares are RRSP Eligible. Open image in lightbox: Shares are RRSP Eligible.
Open image in lightbox: Members own 7 projects and counting. Open image in lightbox: Members own 7 projects and counting.
Open image in lightbox: Members contribute to the renewable energy economy. Open image in lightbox: Members contribute to the renewable energy economy.

Our Shares

To be a member, you must own one $50 Class A Share and at least one $950 Class B shares. Shares can be co-owned by  two people or groups of people. Group shareholders designate one of their party to vote at member meetings.

Share prices are fixed in our bylaws and we intend to maintain this price.

Each Class B Share is entitled to dividends due to the generation of solar power. The Board of Directors can decide to issue a dividend when the Co-op’s income from lease payments exceeds its expenses. Our largest expenses are insurance, maintenance, and depreciation of the solar asset (amortization on our financial statements) – we also reinvest a portion of our earnings into new solar installations. We expect energy prices and therefore lease payments to increase annually. Since 2021, we have distributed a dividend to shareholders each year, however we are not permitted to project how much or when future dividends will be issued. 

You can only sell your shares back to the Co-op. We will normally accept these requests as long as our finances allow it; we have developed a financial reserve fund to assist with this process.

We recommend you consider the advice of a professional before investing and review the offering document on our Resources page.

Shares are RRSP Eligible

You may choose to register your shares as a self-directed RRSP held in trust by the Canadian Workers Co-operative Federation (CWCF). The RRSP options allow the purchase of new Class B Preferred shares or a transfer of existing funds into shares that will be registered as a self-directed RRSP held in trust by the Canadian Workers Co-operative Federation. Members may also turn their existing shares into RRSPs. 

Alternatively, shares may be registered as a TFSA.

Administrative fees apply to these options, including a processing fee of $100, an annual CWCF fee of $55, and/or a CWCF $50 transfer fee. For this reason, we recommend purchasing a minimum of 5 shares.

For assistance, email us at admin@sessolarcoop.ca. 

History of Dividend Payout

The Solar Co-op was incorporated in 2015, building its first array in 2016 with 90 solar panels. Between 2017 and 2019 five more installations were commissioned for a total of 488 panels with a generating capacity of 182 kilowatts. In the early years, the fledgling Co-op focused on reinvesting revenue into new projects, accounting for the value of depreciation on our assets, and establishing a financial reserve.

In 2021, the completion of a seventh project at the site of a Saskatoon manufacturing plant, CNHi, more than tripled the generating capacity of the Solar Co-op’s photovoltaic equipment. Our Co-op was earning a steady revenue with all seven projects running without interruption and maintaining our share value at $950 per share. The economy of scale and steady income boosted the retained earnings of the Co-op to the point that the directors declared a dividend. This was followed by another dividend declaration the next year.

Did you know?

The SES Solar Co-op is the first renewable energy co-operative in Saskatchewan.

 

Contact US

(306) 518 7594
hello@sessolarcoop.ca

Mailing Address

SES Solar Co-operative
204-220 20th Street West
Saskatoon, SK  S7M 0W9

NOTE: This is a virtual office for mail and parcel delivery. There is no business office at this location.

 

Latest Projects

  • SES Solar Co-op Ltd.
    CNH Industrial – Phase TwoAugust 31, 2023 - 4:51 pm
  • SES Solar Co-op Ltd.
    CNH Industrial – Phase OneMarch 31, 2021 - 5:09 pm
  • sized 4x3
    Radiance CohousingNovember 9, 2019 - 3:47 pm
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