North America Ontario says its determined to keep local content requirement
22.02.2012: In an interview with Reuters news agency, Ontario’s Minister of Energy Chris Bentley said the government would not change the local content requirement aspect of the province’s feed-in-tariff (FIT) program despite legal challenges launched by Japan and the EU. The local content requirement ensures that power installations only receive the FIT if 50 to 60 percent of the project’s equipment and services come from Ontario-based companies. Bentley also said that a review of the province’s renewable energy subsidy programs would be completed by the end of March. The review is expected to result in cuts to FIT rates, but the minister would not say how deep the cuts would be. In late January, the World Trade Organization (WTO) Dispute Settlement Body said it would merge the EU’s complaint over Ontario’s renewable energy FIT program with a similar complaint filed by Japan. Japan and the EU both argue that the FIT program’s local content requirement unfairly discriminates against foreign companies. Proceedings have been suspended until at least the end of March to combine the two trade disputes. … Source: Reuters UK; Summary: PHOTON |
Monty Bannerman
ArcStar Energy
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