Ontario to [slightly] cut solar, wind power rates

(Reuters) – The Canadian province of Ontario said on Thursday it will move to reduce the rate it pays for power from new solar projects by more than 20 percent and cut wind power rates by about 15 percent, following a review of its feed-in tariff plan.  Ontario, Canada’s most populous province, also said it would reserve 10 percent of remaining clean energy capacity for projects that have significant participation from local or aboriginal communities. (Reporting By Susan Taylor; Editing by Peter Galloway)

7 thoughts on “Ontario to [slightly] cut solar, wind power rates

  1. MasterResource, March 22,2012, Robert Bradley,Jr.
    http://www.masterresource.org
    “Solar is Not An Infant Industry (Part II: Twentieth Century)
    “Solar Not an Infant Industry (Part I-Pre-Twentieth Century)
    Historical perspectives of wind and solar are also important to understanding today’s situation.
    There is a link provided at this site to wind turbine history as well.

  2. ‘[excerpt] The Canadian province of Ontario said on Thursday it will move……’
    So what they are really saying is:
    ‘Business as usual’ – now, please leave us alone –
    we have to save the planet –
    because David Suzuki said so.
    Ugh!

  3. Well hallelujah, solar and wind rates are to be reduced. Big freaking deal. Most of the contracts have already been finalized anyway. We are stuck with the “old” amounts for 20 years folks. Yet I am sure McTurbine and the rest of the Gang Green will be patting themselves on the back. I am going to hurllllllll.

  4. “also said it would reserve 10 percent of remaining clean energy capacity for projects that have significant participation from local or aboriginal communities.”
    Which projects would that be?

  5. As long as there are FIT programs and/or mandatory laws requiring the use of renewable energy there will be an ARTIFICAL DEMAND created for renewable energy projects.
    An artifical demand has been created in Ontario for renewable energy projects that reward investors with big money with 20 year contracts.

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