Thursday, May 28, 2009

Could Ontario Be the Next Germany?

Joe's Note: this did pass, though some of the details to be worked out. This is a great article that explains more about how it all works and why. I encourage you to read the full article, see the "more" link below.

by Greg Boutin and Jon Worren, Riverdale Partners

If the Green Energy and Green Economy Act (Bill 150) is passed as expected in May 2009, Ontario will become the first North American jurisdiction with an incentive system modeled after German feed-in tariffs (FITs), according to incentive expert Paul Gipe. With proposed tariffs of up to 80.2 CAN cents/kWh (US$0.64/kWh, €0.47/kWh) for solar power generation, fixed and guaranteed for 20 years, the province would have the most favorable incentives currently available worldwide for roof-mounted systems below 100 kW. More lucrative, even, than current German incentives under the Renewable Energy Sources Act (EEG).
Ontario’s proposed Green Energy Act passed a second reading in March and was ordered to the Standing Committee on General Government for public comment, ending as REW goes to press. Changes to both the Act and the feed-in tariffs may still occur, but as it is almost certain to pass (the Act is supported by the Ontario Liberal Party, which controls 71 of the 107 seats in the Legislative Assembly), the Ontario government started a parallel process in February to work out the deployment details.

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