On March 10, 2010, The Ontario Power Authority (OPA) announced its approval to issue contracts for 510 Green Energy Projects that are less than or equal to 500 kilowatts in size under Ontario’s Feed-In Tariff (FIT) program. 482 of the approved Projects will utilize solar photovoltaic technology. Combined, these projects receiving FIT contracts represent over 110 megawatts of new green energy project development in Ontario.
Some key aspects of the FIT program include:
- Under the FIT program, participants are awarded long term contracts in which OPA pays a fixed price for the electricity they generate.
- The renewable technologies available under the FIT program include windpower, solar PV, waterpower, biogas, biomass and landfill gas.
- For solar and windpower projects the FIT contract contains a “Domestic Content” requirement where certain designated activities associated with the project development and equipment manufacturing are required to be performed in Ontario.
The OPA estimates that there is still approximately 2,500 megawatts of available transmission connection capacity for renewable energy projects over 500 kilowatts and will continue the process for awarding FIT contracts in April, 2010.
Osler worked with the OPA in developing the FIT program, including the formation of the FIT Rules, FIT Contract and the Domestic Content requirements. The firm also works closely with Green Energy Developers in all aspects of the FIT Program.