The Globe and Mail, Dylan Jones
[excerpt] The path to plentiful, well-paid jobs is innovating to produce things people want at prices they can afford. It is not the slow death of protecting unproductive firms. It is also not currency devaluation, which is just a stealthy way of giving all Canadians a pay cut.
Ontario’s experience with building wind turbines is an illustrative example. The province chose to encourage the development of Ontario’s wind turbine production industry through strong protectionist elements, not sourcing quality inexpensive components made in other parts of Canada.
As a result, the cost of purchasing, erecting, financing and connecting a turbine runs about $2,500 per kilowatt of capacity, according to the Canadian Wind Energy Association. That means a two kilowatt turbine costs $4- to $5-million to install. In Europe, the cost is $2,000 – $2,250 per kilowatt, and in China and India the cost is $1,400 – $1,570, according to the International Renewal Energy Association. Read article