FIT review brings uncertainty to Ontario's wind energy market
As a result, Ontario's renewable energy future is, yet again, in a state of uncertainty. Fortunately, projects that already have an existing FIT contract with the Ontario Power Authority (OPA) will not be subject to the new rules and pricing.
Over the past month and a half, the OPA and Deputy Minister Fareed Amin, tasked with spearheading the FIT review, have held numerous consultation sessions.
January 2, 2012
by Marnie Dawson
in North American Windpower
When Ontario's feed-in-tariff (FIT) program was launched as part of the Green Energy Act in 2009, it was mandated that a review of the program occur two years after its commencement.
On Oct. 31, 2011, the FIT program review was announced by the government of Ontario. The review focuses on a broad range of issues, including the following:
• FIT price review to maintain balance with ratepayer interest,
• Long-term sustainability of clean energy procurement,
• Continuation of the success of clean energy job creation and Ontario-based manufacturing,
• Consideration of new emerging technologies, and
• Local consultation... [continue via Web link]