The FIT programme was introduced by the provincial government to support their Green Energy Act, as the only way to encourage ‘investment’ in their badly planned alternative energy industries before the government itself had ever bothered to investigate whether solar, and its ‘partner’ wind, actually met any energy supply requirements or made any long term economic sense. Sadly for the citizen and taxpayer it relies totally on subsidizing the alternative energy companies with, as yet, uncollected taxes.
Under the FIT programme, solar energy companies will receive up to at least an eight times per unit more return on their ‘investments’ than the existing and current hydro suppliers in Ontario receive.
This makes little or no sense, even with regard to reimbursing Canadian companies and citizens. Why should the Canadian taxpayer support private companies’ profit lines without any return?
To even think of guaranteeing foreign companies their profits, European, Korean and now China, defies any concept of any intelligent, economical plan where Canada’s interests are concerned.
Both solar and wind power do produce energy. Unfortunately all the worldwide experience so far proves beyond doubt that both are amongst the most ineffective, inefficient, and by far the most expensive methods of producing energy.
To promote foreign companies and their profits in an attempt to encourage these failing alternative energy concepts can serve only to ensure an ever increasing tax burden on the Canadian taxpayer.
And the environmentally friendly bit? Any idea how much of a solar panel is produced by carbon emissions?
What do you do with the acres of good agricultural land covered by solar ‘farms’?
The possible environmental harm caused by the electrical and magnetic fields produced by these solar ‘farms’ is not seen as important by your provincial government. And quite frankly, they’re an eyesore!
Andrew Watts, Wainfleet