Ontario’s Feed in Tariff Program Takes Off

Posted by roger on 1/05/10 • Categorized as Biomass, Feed-In Tariffs, Renewable Energy, Solar Energy, Wind Energy

The first round of contracts awarded under Ontario’s FIT and MicroFIT programs will produce 2500 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. The contracts include 700 rooftop solar PV systems under the MicroFIT program.

Ontario’s feed-in tariffs provide guaranteed access to the grid for renewable energy power sources and provide a premium price sufficient for these sources to provide an adequate return for investors.

To read an update on the FIT and MicroFIT program lauch download the Ontario Power Authority’s Feed-in Tariff Backgrounder

For more information on new MicroFIT projects less than 10 kW, download Ontarians get green light for 700 solar rooftop projects