CanWEA sees opportunity in the wind energy industry's response to Ontario's
Feed-in Tariff Program launch period
"The number of applicants for Feed-in Tariff contracts clearly demonstrates that the Ontario Government's Green Energy Act has succeeded in putting Ontario on the radar screen of wind energy investors," said
Over the last year the Ontario Government, through the OPA, worked to create North America's most progressive procurement program in the form of a European-style Feed-in Tariff Program (FIT). The FIT has attracted extraordinary interest in Ontario from developers, investors and manufacturers from around the world as it has promised a fair, open, transparent and stable procurement policy for new renewable energy development in Ontario. The FIT also ensures that at least 25% of project costs will be spent in Ontario.
"The FIT's open procurement mechanism is poised to bring Ontario billions of dollars of new investment in renewable energy projects. Our members have already invested millions in projects in an effort to bring them to a level of maturity that makes them immediately eligible for the FIT"
CanWEA is the voice of Canada's wind energy industry, actively promoting the responsible and sustainable growth of wind energy on behalf of its more than 450 members. A national non-profit association, CanWEA serves as Canada's leading source of credible information about wind energy and its social, economic and environmental benefits. To join other global leaders in the wind energy industry, CanWEA believes
For further information: Ulrike Kucera, Media Relations Officer, Tel: (613) 234-8716 ext. 228, Mobile: (613) 867-4433
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