Ontario Power Authority approves 40 new renewable energy projects through FIT program, said to create 7000 jobs
By Alyssa Dalton
March 14, 2011
Through Ontario’s clean energy Feed-In Tariff (FIT) program, the Ontario Power Authority (OPA) has approved 40 new large-scale renewable energy projects including solar, wind and water. According to the government, this will create 7000 direct and indirect jobs, including construction, operation and maintenance, and attract $3 billion in private sector investment.
As described by the province, Feed-In Tariff means Ontario residents are paid a guaranteed rate over 20 years or 40 years (for water power projects) to produce renewable energy that is used to feed into the electricity grid.
“These projects represent more than 872 megawatts of clean, renewable power – enough electricity each year to power more than 200,000 homes or a community the size of Burlington,” it continued.
This builds on the 180 FIT projects under development from contracts the OPA announced in April 2010, which represent more than 2400 megawatts of power.
“The Feed-In Tariff program is continuing to meet its objective to encourage more renewable energy to be developed in Ontario. Interest in the program continues to be strong, and Ontario will benefit from the new clean, renewable energy that these projects will deliver,” added Colin Andersen, CEO, OPA.
The 40 new clean energy projects include: 35 solar projects totalling 257 megawatts, four wind projects totalling 615 megwatts, and one 500-kilowatt water project. CLICK HERE to download a PDF of the complete list of projects.