Tuesday, May 11, 2010

Still Green - Part II

I can't believe that its been over a year since my last installment. So, what's new?

Much has transpired since March of 2009. COU Solar Inc., the company John Gamble and I founded, has grown to be a >$50 million company. We sold ourselves for shares to Oneworld Energy Inc. Oneworld is a diversified renewable energy company with operations in North America and Europe. Its 3 operating divisions are:
  • Wind development and power production
  • Solar development and power production
  • Operations and maintenance for both solar and wind

The company has over 1.5 GW of solar and wind projects in both North America and Europe slared to be developed over the next couple of years.

Oneworld's revenues have increased steadily from $2.5 million in 2007 to $25 million in 2009. Revenue for 2010 is projected to exceed $100 million.

I now run the solar business for Oneworld along with my co-founder John Gamble. John looks agter the European business and I am focused on the Ontario market with the advent of the Green Energy Act.

Oneworld is in the process of going public by way of a CPC. We should be publicly traded by the end of June. Stay tuned for further updates.