Ottawa Renewable Energy Co-Op
- Company typePrivate
- Founded2010
- HeadquartersOttawa, Canada
- Headcount1–10
- GTM typeB2C
- OfferingServices
Ottawa Renewable Energy Co-Op firmographics
Firmographics- Name
- Ottawa Renewable Energy Co-Op
- Legal name
- Ottawa Renewable Energy Co-operative
- Website
- https://orec.ca
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Ottawa Renewable Energy Co-Op industry classification
Industry- Product category
- Community Renewable Energy
- NAICS
- Utilities (221)
- SIC
- Electric, Gas & Sanitary Services (4900), Cogeneration Services & Small Power Producers (4991)
- akta.pro industry
- Retail & Community PPAs (Community Solar/Shared Renewables)Energy, Utilities & Environment/Energy Trading, Marketing & Retail Supply/Power Purchase Agreements (PPAs) & Structured Energy ProductsElectric Cooperatives (Rural/Member-Owned Utilities)Energy, Utilities & Environment/Electric Transmission & Distribution (T&D)/Distribution System Operators (DSOs) & Electric Distribution Utilities
Keywords
Where Ottawa Renewable Energy Co-Op is headquartered
LocationHeadquarters
- HQ city
- Ottawa
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Ottawa Renewable Energy Co-Op business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Member Share Investments: OREC pools member investments through preferred shares and investment notes to finance renewable energy project development. Members receive annual dividends or interest payments (typically 3-5% annually) and return of principal over the investment term. Revenue comes from long-term power purchase agreements (PPAs) with electricity buyers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Multi-year contract | Member Investment Notes - 5-year fixed term |
| Subscription | Multi-year contract | Class A Preference Shares - 20-year term |
| Subscription | Multi-year contract | Class E Preference Shares - 10-year term |
| Other | Annual | OREC Membership |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Ottawa Renewable Energy Co-Op product offering
Product offeringCore offering
Ottawa Renewable Energy Co-Op (OREC) is a member-owned cooperative that pools investments from approximately 1,100 members to develop, acquire, and operate community-owned renewable energy projects in Ontario, including solar power, wind generation, and battery energy storage systems. The Co-operative partners with schools, institutions, municipalities, and businesses to host installations and sells the generated electricity under long-term power purchase agreements, distributing the resulting financial returns back to its members.
Product overview
OREC is a co-operative that operates as a community-owned renewable energy investment platform. It pools member investments to develop and operate solar, wind, and battery storage projects in Ontario. The core offering consists of membership with voting rights, investment products (Preferred Shares with 3-5% annual dividends and Investment Notes with 4% fixed interest), and access to the MyOREC portal for managing investments and tracking production. OREC's project portfolio includes 28 solar and wind projects across Ontario, with flagship installations including the 914 kW DC Canada Science and Technology Museum solar array (the largest rooftop solar in Eastern Ontario) and the 2.3 MW Tiverton wind turbine (now 100% owned). Members can also participate through OREx Community eXchange for peer networking and access educational content through OREC's Speaker Series.
Differentiator
Problem solved
Functional benefit
Products and services
- OREC Membership
- Preferred Shares Investment
- Member Investment Notes
- Community Solar Projects
- Tiverton Wind Project
- Canada Science and Technology Museum Solar Installation
Quantifiable outcome
- 1.25 GWh clean energy generated in December 2025 - record month
- +4 more outcomes
Companies that use Ottawa Renewable Energy Co-Op
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
Ottawa Renewable Energy Co-Op technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Ottawa Renewable Energy Co-Op partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core and major.
- FJ LegalcoreFatema Jivaji of FJ Legal provided legal counsel for the Tiverton wind turbine acquisition, navigating share transfer details.
- The Redstone CompanycoreChris Gerhardt of The Redstone Company served as primary negotiator and project lead for OREC's acquisition of four solar projects. Key acquisition advisory partner for M&A transactions.
- Community Energy Co-operative Canada (CECC)coreOREC is a founding member of CECC, the national network for renewable energy co-ops. CECC is incorporated (November 2023) with 11 registered REC members and 81 supporter members. OREC participates in advocacy, forums, and policy development through CECC.
- EnerFORGE/Oshawa PowermajorFour-year collaboration partnership enabling OREC's transition to full ownership of the Tiverton turbine. Oshawa Power team instrumental in the transition.
- FIG SolarcoreFIG Solar installed OREC's 660 kW DC expansion on the Canada Science and Technology Museum rooftop.
- CoEnergycoreOREC joined forces with CoEnergy to grow impact. Partnership referenced in context of General Manager Marion Siekierski joining OREC.
- Visio EnergycoreOriginal partnership in 2012 where OREC acquired five MicroFIT solar contracts and engaged Visio to build the projects. OREC's first projects originated from this deal.
- Westeinde Family (Jeff Westeinde)corePartnership since 2013 with one of Canada's most environmentally sustainable real estate developers. OREC holds up to 50% stake in 250kW FIT contract. The Dunrobin site continues to produce renewable energy.
- Banfield AgencycoreNew marketing agency partner engaged to improve OREC's messaging and broaden reach to citizens and B2B project partners. Spearheaded by VP Paul Haskins.
- CWCF (Canadian Worker Co-op Federation)coreOREC's partner for managing RRSPs, TFSAs, and other registered accounts. CWCF launched a new user portal for OREC members. Enables tax-advantaged investment options.
- Hydro OttawacoreLocal distribution utility partnering on grid connections, GridFlex virtual power plant program, and DER integration. OREC advocates for greater DER adoption in Hydro Ottawa's planning.
- CAFES OttawamajorPartnership on 2-year Thumbs Up RE collaboration initiative to expand membership and community engagement.
Scale indicators13 records
Recent moves10 records
Expansion highlights7 records
Ottawa Renewable Energy Co-Op competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Ottawa Renewable Energy Co-Op social profiles
Digital presenceOttawa Renewable Energy Co-Op financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ottawa Renewable Energy Co-Op leadership team
Management profileNumber of profiles
Profiles15 records
Ottawa Renewable Energy Co-Op funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ottawa Renewable Energy Co-Op M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ottawa Renewable Energy Co-Op
What does Ottawa Renewable Energy Co-Op do?
Ottawa Renewable Energy Co-Op (OREC) is a member-owned cooperative that pools investments from approximately 1,100 members to develop, acquire, and operate community-owned renewable energy projects in Ontario, including solar power, wind generation, and battery energy storage systems. The Co-operative partners with schools, institutions, municipalities, and businesses to host installations and sells the generated electricity under long-term power purchase agreements, distributing the resulting financial returns back to its members.
Is Ottawa Renewable Energy Co-Op a public or private company?
Ottawa Renewable Energy Co-Op is a private company. It is classified as management employee owned and is currently operating.
When was Ottawa Renewable Energy Co-Op founded?
Ottawa Renewable Energy Co-Op was founded in 2010. It employs 1 to 10 people.
Where is Ottawa Renewable Energy Co-Op based?
Ottawa Renewable Energy Co-Op is headquartered in Ottawa, Canada, in the North America region.
How does Ottawa Renewable Energy Co-Op make money?
One revenue line is on record: member Share Investments.
Does Ottawa Renewable Energy Co-Op have an API?
No public API is recorded for Ottawa Renewable Energy Co-Op.
What industry is Ottawa Renewable Energy Co-Op in?
Ottawa Renewable Energy Co-Op's product category is Community Renewable Energy. Its primary akta.pro industry code is EUAGADAC, Retail & Community PPAs (Community Solar/Shared Renewables), with a secondary code of EUADABAC, Electric Cooperatives (Rural/Member-Owned Utilities). Its NAICS code is 221 and its SIC code is 4900.