Naveco Power manages investments on behalf of community members. These funds are used to invest in New Brunswick based projects with lasting social, environmental and economic benefits.
Naveco Power’s management team has invested in three projects and is opening its first community investment fund allowing all New Brunswickers the opportunity to participate in local infrastructure projects.
- Naveco IV: Westmorland Place retrofit- opening soon
- Naveco III: Community Economic Development Corporation
- Naveco II: Acadia Wind Farm- Expression of Interest
- Naveco I: Research and Development Innovative Wind Technologies
Naveco IV: Westmorland Place retrofit- opening soon
Soon to be opened
The Westmorland Place retrofit will be Naveco Power’s first community investment opportunity, named the N IV fund. The project will involve retrofitting the 65,000 square-foot commercial building that is located on the corner of Westmorland Street Queen Street. After completing the retrofit, the building owner will reduce energy costs of at least 50%. N IV has been estimated to provide community investors with annual dividends and the opportunity to reduce Greenhouse Gas emissions from the atmosphere.
Naveco III: Community Economic Development Corporation
These funds are allocated to create one of New Brunswick’s first Community Economic Development Corporations (CDEC). The CDEC was created to raise community dollars and invest in the Westmorland Place retrofit project (N IV).
Naveco II: Acadia Wind Farm- Expression of Interest
During the winter of 2016, Naveco Power completed the N II fund to assist in the preparation of the Expression of Interest (EOI) for New Brunswick Power’s Locally-Owned Renewable Energy Small-Scale Program (LORESS).
This Community Economic Development Corporation or Association offering may be a high-risk investment. This offering is made through an offering document, which can be obtained through a person authorized to sell the eligible shares. This offering is an exempt offering of eligible shares only in New Brunswick. Investors should read the offering document before making an investment decision.