World’s first Power Plant for Poverty to be Built in Ontario – An idea whose time has come

TORONTO - Jan. 26, 2015 - PRLog -- NEUTOPIA ecoSOLUTIONS Inc. has announced plans of their first Power Plant for Poverty, expected to be operational by the end of this summer. The social impact renewable energy project located in the municipality of Clarington, will receive guaranteed monthly revenue from supplying energy into the power grid for the next 20 years.  It will be the first power plant in the world of its kind…not because of the technology, but because of how the profits are used:  100% of Neutopia’s profits are re-invested into projects to help empower people with technologies that fight the root causes of human suffering. It will generate millions of dollars not to line the pockets of corporate shareholders, but to save tens of thousands of lives.

The Re-distribution of Wealth via a New Socio-Economic System

Unlike a charity or a not-for-profit where the money is gone once it’s raised and spent, with Neutopia the money is first invested into a cleantech project of the investor’s choice and the investment is paid back with guaranteed financial returns while Neutopia uses its own profits from the project to bring technologies to help empower people in need (with ROI’s as high as 25%). The ‘pay-it-forward’ business model changes the face of investing because every dollar invested results in a guaranteed financial return unlike charities, and has an associated social impact unlike the stock market. Neutopia has basically united the two to attract both traditional investors and social impact philanthropists raising the bar to a whole new level for People Profit Planet initiatives.

Neutopia says “the answer to solving many of the problems in our world is not to be found in any particular technology; the solution is in a new way of doing business, essentially a new economic system that actually makes it profitable to help people in need”.

Robin Hood Meets the Internet of Things

Neutopia’s business model is essentially using the profits from selling clean energy to purchase technologies that help lower the operating costs of a local food bank, to help people with special needs, or to provide renewable energy to a village in Africa or clean water to an orphanage in India, or vaccines, or education, sustainable food supply etc.. The ideas are endless, and Neutopia has a blueprint on how to change the world with this system. As Laporte stated at the International Vertical Cities Conference in South Korea: “Our system works not by stealing from the rich and giving to the poor, but by earning a profit by helping the rich get richer and using our own profits to help the poor.  It’s a twist on Robin Hood meeting the Internet of Things and our time has come.”

Project Was Destined to Expire
The solar project was suspended over the past couple of years because the three original owners were in a legal battle over default of payments during development. It remained at a stand-still, destined to expire during a lengthy litigation process until Robert Laporte, CEO of Neutopia, approached each owner individually to figure out a solution:

“I met with each owner to get to know them. I wanted to understand what their goals were originally, and what their problems were now, in order to think about what kind of solutions may be possible”, said Laporte, “if the problem was only financial then Neutopia has unlimited funding for energy, green buildings and landfill diversion projects from the Neutopia Social Impact and Green Investment Network, so forming a partnership or buying the project at higher than market value would be an option.”

The owners did not want to have any partnership but rather to sell their respective ownership stake in the project, and were simply not able to establish a path forward with each other until Laporte came into the picture and never gave up.

“It took almost a year of on-going negotiations, whether by telephone, sending emails at 2am or even begging them to let us take on the project as it would result in millions of dollars being devoted to help ease suffering as part of Neutopia’s Social Impact initiatives”.

“If you want to change the world you need to think outside of the box,” says Jim Feilders, Neutopia Ambassador and Volunteer with Habitat for Humanity, “I’m just so thankful that these three businessmen had the heart to give Neutopia a chance. Now they will earn a profit rather than let it die in the courts and Neutopia will be able to help thousands of people in need!”

Strategic Partnership is Key with Powerful Legal Team and Board of Advisors

Award-winning eco-engineers and distinguished professors (including a team of students from Canada’s largest college, Humber) will be assisting with the project, which is part of an emerging ecoPARK network Neutopia is planning around the world.

Neutopia’s innovative tendering process invited more than 300 cleantech and social impact investors to participate. They finally selected their partner on January 9^th tapping into a multi-strategy hedge fund.  The strategic partnership is with a project development company backed by an independent multinational asset management firm with more than $600 million in real estate assets and who now has a commitment to invest tens of millions of dollars into cleantech projects in Ontario. It also brings with it one of the most powerful law firms in the industry to protect Neutopia’s projects from hostile take-over’s, corporate corruption and circumvention so prevalent in the energy industry.

“We already have attempted circumvention,” says Laporte, “it’s a very dirty game and if any company attempts to impede this project they better have deep pockets and prepared to sacrifice their shareholders stock value if they attempt to circumvent Neutopia, as we have already tapped into social media where millions are now learning about the project. We will defend the people we’re trying to help with whatever it takes.”

Neutopia is now uniting a powerful Board of Advisors including various scientists and champions of environmental sustainability and social change from local community groups to even inviting members from the United Nations Task Force on Climate Change, UN Food and Agriculture Association, signatories to the UN PRI (United Nations Principles on Responsible Investing), Doctors Without Borders, Engineers Without Borders, and a host of world renowned organizations that could also benefit from Neutopia’s projects.

Neutopia is now recruiting Ambassadors around the world via Skype and identifying development sites for the investment network, lowering the global carbon footprint in the fastest and least expensive way possible while ensuring the redistribution of wealth among society.  Robin Hood meets the Internet of Things combined with Environmental and Social Impact.

Indeed, nothing is more powerful than an idea whose time has come.