Ontario announces tariffs cuts for new solar projects by more than 20 percent
22.03.2012: Ontario’s Ministry of Energy announced that the Canadian province will lower feed-in-tariffs (FIT) for new solar projects by more than 20 percent. The government did not say when the cuts would be implemented, but it did say it would “act quickly.” Speaking about the results of Ontario’s two-year FIT program review, the ministry said it would “act quickly to implement all the recommendations” to ensure the long-term sustainability of the province’s renewable energy program. Among other things, the review calls for a simplified regulatory approvals process, and it asks the government to reserve capacity for local or Aboriginal communities and to invest in the province’s clean energy industry to ensure Canadian companies are able to compete globally. The review also calls for wind incentives to be cut by about 15 percent. A cut to solar tariffs was expected, but until now, the government had not indicated how large the reductions would be. The ministry did not say anything about changes to the province’s local content requirement – the WTO is currently investigating complaints from the EU and Japan about Ontario’s local content requirement. … Source: Canadian Ministry of Energy; Summary: PHOTON
http://www.mei.gov.on.ca
http://news.ontario.ca/mei/en/2012/03/moving-clean-energy-forward-crea
ting-jobs.html
The complete press release can be viewed in PHOTON's archive using the following link:
http://www.photon-international.com/newsletter/document/62733.pdf
Monty Bannerman
ArcStar Energy
646.402.5076
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