WindShare is a for-profit wind power co-operative that was officially launched in February 2002 in Toronto, Ontario, Canada. It was created by the non-profit Toronto Renewable Energy Co-operative (TREC) which was incorporated in 1998. TREC continues to exist as a separate non-profit entity.
WindShare's ExPlace wind turbine was erected on December 18, 2002, on the grounds of Exhibition Place, in Toronto. It was the first wind turbine installed in a major North American urban city centre. and the first community-owned wind power project in Ontario.
WindShare and its parent, the Toronto Renewable Energy Cooperative (TREC), have plans for more wind turbines. As of March, 2010 these plans are called "The Lakewind Project." (See below)
This section needs to be updated.September 2016)(
Lakewind Power Co-operative Inc. is a sustainable energy development entity consisting of two Ontario co-operatives: Countryside Energy Co-operative, and TREC-Windshare 2 Co-operative.
The Ontario Power Authority's Feed-In Tariff (FIT) program is now in place as the most generous renewable energy support program in North America (See Green Energy Act 2009, and Ontario Power Authority "Standard Offer Program" (SOP) for Wind Energy Projects ). TREC is moving ahead with ambitious generation development plans. Building on the experience from the WindShare co-operative's Exhibition Place wind turbine project, TREC has submitted a FIT contract application for a 20-megawatt (MW) wind farm project called Lakewind. TREC has incorporated Lakewind Power Co-operative Inc., a for-profit co-operative of Ontarians that will develop and own the project near the village of Bervie, just east of Kincardine, Ontario. The Lakewind project will be the largest co-operatively owned, wind power project in Canada and pending a successful FIT application, is expected to be generating power in the spring of 2012.
If awarded a FIT contract, WindShare hoped to be looking for investors by the summer of 2010.
Ontario introduced a feed-in tariff in 2006, and revised it in 2009, which in a draft proposal increases from 42¢/kWh to 80.2¢/kWh for micro-scale ( Ontario's FIT program also includes a tariff schedule for larger projects up to and including 10MW solar farms at a reduced rate. (See Ontario Power Authority "Standard Offer Program" (SOP) for Wind Energy Projects and Ontario Power Authority Feed-in Tariff program for renewable energy)