Ontario Revises Proposed Feed-in TariffsOntario, Canada [RenewableEnergyWorld.com] The Ontario Power Authority (OPA) issued revised draft feed-in tariffs at its stakeholder workshop earlier this week. New tariff bands were added and tariffs increased for some technology bands. OPA also revised its proposed bonus payments for projects owned by community and aboriginal groups.
Ontario has committed to close all its coal-fired power plants by 2014. It is the only jurisdiction in North America to make such a commitment. As a result, Ontario has embarked on an ambitious plan to become a leader in renewable energy development to make up the difference in lost power generation.
OPA, Ontario's power procurement agency, also eliminated a potentially significant barrier to financing renewable projects by reassuring investors that projects will be paid for generation foregone if economically curtailed.
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