Investing in renewables

20 May 2010

More Ontario homes and businesses will soon be powered by green energy with the awarding of contract offers for almost 2,500 MW of renewable energy announced. These projects, approved under the Canadian province’s landmark Feed-in Tariff (FIT), are in addition to the 510 renewable energy contract offers totaling 112 MW approved earlier this year, and are part of the largest green energy investment of its kind in Canadian history.

The 184 projects announced will generate enough energy to power 600,000 homes. Located in communities across the province, the total 694 Feed-in Tariff (FIT) contract offers to date will create 20,000 direct and indirect green jobs and attract about $9 billion in private sector investment, as well as investment in new Ontario-based manufacturing. Seventy-six of the approved projects are ground-mounted solar photovoltaic, 47 are onshore wind, and 46 are hydropower projects. There are also seven biogas, two biomass, four landfill gas, one roof top solar and one off-shore wind projects.

“These projects are the latest accomplishments of the Green Energy Act which is making Ontario a place of destination for green energy development, manufacturing, and expertise.” said ,” said Ontario’s Minister of Energy and Infrastructure, Brad Duguid. “The investments generated by FIT will not only create green jobs, but will also build a coal-free legacy for future generations.”

Ontario Power Authority
http://www.powerauthority.on.ca