Solar firm seeks $100M over McGuinty’s green energy rejig

Scott Stinson, National Post
TORONTO — One of the country’s largest solar energy firms has served the Ontario government with a legal notice that seeks to reverse changes to one of the key elements of its signature Green Energy Act, the National Post has learned, arguing that the revisions have wiped out years of work and cost SkyPower Ltd. millions of dollars.

The move signifies growing problems between the McGuinty Liberals and its allies in the renewable energy sector, who jumped into business at the prospect of massive subsidies and found out in the spring that the rules had changed.

SkyPower has also served notice that it intends to seek damages in excess of $100-million.

The application filed in Ontario Superior Court asserts that the Ontario Power Authority “has a legal duty to process in good faith” applications that were submitted to the feed-in-tariff (FIT) program prior to April 5 under the old rules. Read article

17 thoughts on “Solar firm seeks $100M over McGuinty’s green energy rejig

  1. These clowns deserve to go bankrupt. Ultra toxic solar panels are both delicious and nutritous, spread some on your farm land today.

  2. I don’t feel sorry for Skypower one iota..it’s too bad they are sad they can’t slurp from the money-trough of the liberal government.. ..too bad, though.. All this chaos between the green energy companies and the government is going to cost the taxpayer a ton of money, but what the heck do the liberals care? it’s only( taxpayers) money !!

  3. SkyPower Ltd. – a very interesting company – it hardly seems real
    maybe they’ll settle for ‘skin’ off our backs.

    • Seriously – who’s really suing Ontario?
      And – who will settle behind closed doors?
      Lack of Transparency – this is getting worse and worse

      Boss Man!
      Hey Mr. CEO – Ontario is on life support!

      • Sorry! On vacation,
        Please leave a message. I’ll get back to, if I can.
        If you need immediate assistance……………take a number……
        In the mean time, just make sure you pay your electricity bill, we need the money bad.
        You know, with all the pending law suits and other various infrastructure moving expenses every dollar helps. Oh, and ah, please turn up the air conditioning; things are getting real HOT around here.

  4. Ontario needs a laugh! So here it is………………..

    Adler – I like it! I like it!
    oh wait – Adler’s – oh sh*t moment
    ah huh………………………..

    ‘[excerpt] According to the legal application, SkyPower has advised the government that “the rules are unfair, would wipe out most of the projects in the application queue and would make it virtually impossible to build or finance any new ground mounted solar capacity in Ontario.”

    The report noted that Kerry Adler, CEO of SkyPower, initially supported the changes that were imposed by the McGuinty government, stating, at the time, “We applaud Ontario for showing global leadership.” However, the court filing now comes from what is said to be the realization that the changes, which did not apply to already-approved projects, do apply to those waiting for approval.

    A hearing is set for July 24, at which the government and the OPA can respond to the allegations.’
    http://www.pv-tech.org/news/skypower_seeks_can100_million_in_damages_from_ontario_government

  5. Curious?
    We should find out who is suing us – good start

    Interwind Corp. engages in developing, building, and managing wind and solar power projects in Canada and the United States. Interwind Corp. was formerly known as SkyPower Corp. and changed its name in November 2009. The company was founded in 2003 and is based in Toronto, Canada. On August 12, 2009, Interwind Corp. filed for restructuring under the terms of the Companies’ Creditors Arrangement Act. On August 19, 2009, Interwind Corp. filed for Chapter 15 protection with the U.S. Bankruptcy Court for the District of Delaware.
    http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=12763426

    Emerges as a Limited company, and changes its address:
    SkyPower Limited creates solar energy for homes around the globe. The company was founded in 2009 and is based in Toronto, Canada. SkyPower Limited is a former subsidiary of Interwind Corp. http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=81676274

  6. Interesting point since the republicians are countering with negative attack ads directed at the M$ lost to solar industries………….would be nice if they went at the wind subsities, too.

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