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Generating power … and money in Ontario


January 8, 2010
By Dave Harrison


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NEWS HIGHLIGHT

Generating power … and money in Ontario
Consider the benefits of generating green energy from
renewable sources such as the sun, wind, water or bioenergy, and selling it for
a guaranteed price.



Jan. 8, 2010, Toronto – Consider the benefits of generating green energy from
renewable sources such as the sun, wind, water or bioenergy, and selling it for
a guaranteed price. Successful applicants can be part of Ontario’s growing
green energy movement, make money and contribute to a cleaner environment.

If you are a homeowner, farmer or small business owner, you
have the opportunity to develop a very small or “micro” renewable electricity
generation project (10 kilowatts or less in size) on your property. Under the
microFIT Program, you will be paid a guaranteed price for all the electricity
your project produces for at least 20 years.

Ontario’s Feed-In Tariff (FIT) program for renewable energy generation
is a cornerstone of the province’s Green Energy Act. The provincial government launched
the program in September 2009, and the Ontario Power Authority (OPA) started accepting
applications on Oct. 1, 2009. It is North America’s first comprehensive feed-in
tariff program for renewable energy.

The program includes a stream called microFIT, which is designed
to encourage homeowners, businesses and others to generate renewable energy with
projects of 10 kilowatts (kW) or less. MicroFIT is designed to make it simpler and
faster to get small-scale renewable projects installed and producing power.

Prices paid for renewable energy generation under FIT and microFIT
vary by energy source and take into account the capital investment required to get
a project up and running:

• Solar PV – 80.2¢/kWh.

• Windpower – 13.5¢/kWh.

• Waterpower – 13.1¢/kW.

• Biomass – 13.8¢/kWh.

• Biogas – 16.0¢/kWh.

• Landfill gas – 11.1¢/kWh.

Under the program, participants are paid a fixed-price for the
electricity they generate. FIT and microFIT contracts are for 20 years, with the
exception of waterpower, which has a 40-year FIT contract.

Domestic content requirements for both FIT and microFIT projects
are intended to help support the creation of 50,000 new green jobs in Ontario. MicroFIT
projects will help create new local businesses and green jobs as demand rises for
technologies such as solar panels, wind turbines, biomass and electricity storage
systems, and for Ontarians who can design, build, install, operate and maintain
these technologies.

The first round of contracts awarded under the FIT program will
produce 2,500 megawatts (MW) of electricity and will generate in excess of $5 billion
in investments in manufacturing, design, construction and installation and create
thousands of new green jobs.

Currently, approximately 1,275 MW of renewable electricity are
in operation in Ontario, excluding large-scale hydro. Since 2003, Ontario has gone
from being a lagging jurisdiction on renewable energy to being among one of the
North American leaders.


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