Getting FIT

As a result of the Green Energy and Green Economy Act and its signature policy, a feed-in tariff (FIT), today Ontario leads Canada in renewable energy investment, development, and employment.1 Moreover, over eighty per cent of Ontarians want to see more green energy.2 Ontario can help meet the growing demand for clean energy across North America and around the world. [...] It could also mean missing out on one of the largest global economic As the province reviews its Long-Term Energy Plan opportunities.4 and rolls out its climate action plan, now is the time for Ontario to show consistent and ongoing support Around the world, renewable energy use continues for the renewable energy and clean technology to soar and the industry is expected to continue to industry by [...] Ontario now attracts more than D O M E S T I C. C O N T E N T half of the annual investment R E Q U I R E M E N T S. F O R W I N D. A N D. S O L A R flowing into clean energy across Canada.21 In order to get the favourable rates offered by the Feed-in-Tariff program, a percentage of parts and labour for Ontario wind and solar projects needed to come from Ontario, which created a strong incentive T [...] Being in this position is a direct result of the government’s foresight and supportive policy through the Green Energy Act.” —John Gorman, President & CEO - Canadian Solar Industries Association Environmental Defence Getting FIT 14 The Real Price Picture The Holtby solar rooftop project is the first community-financed green energy project in the City of Brampton, developed in partnership with Endu [...] Thanks to rapidly falling costs for wind and solar, the costs for newly acquired renewable sources are coming in signifi- cantly lower than what the province budgeted in its 2013 Long-Term Energy Plan.39 The recent contracts awarded to wind and solar power developers came in at prices lower than anticipated, and the costs for wind power are now competitive with other sources of generation, includi