Lakeshore is now an Unwilling Host‏ of wind turbines too

Chatham Kent wind turbines from Lake Erie and Rondeau Bay25Blackburn News
The Town of Lakeshore doesn’t want to see any more wind turbines erected within its municipality. It passed a moratorium this week that will be sent to the provincial government, as it’s seen 110 turbines go up since 2009.

Mayor Tom Bain says the agricultural areas are starting to be saturated and they’re starting to intrude on residential land and the shores of Lake St. Clair. “During the recent election campaign, all of the candidates heard from the residents that they’ve really had enough of the wind turbines and were opposed to them.” Read article

Resolution
It is recommended that.-

WHEREAS, In excess of 110 wind turbines have been located in the Town
of Lakeshore since November 2009
AND WHEREAS, the Town of Lakeshore has become saturated with wind
turbines
AND WHEREAS, residential and highly populated areas are now being
considered for further wind turbine projects
NOW THEREFORE, be it resolved that the Town of Lakeshore hereby
declares a moratorium effective immediately on any future wind turbine
projects and is not a willing host municipality for wind turbine projects
which are beyond the areas already approved by Council.

39 thoughts on “Lakeshore is now an Unwilling Host‏ of wind turbines too

  1. Now, when the province goes ahead and forces the wind turbines on them anyway, they will see the corruption in the Liberal agenda…

  2. ‘[excerpt] Bain says another proposal of 35 to 40 turbines has already been agreed upon, so the moratorium will come into effect after those are built.’

    Perfectly unwilling! –
    and the perfect resolution.
    It’s so perfect.

    How do they come up with such perfection?

  3. Maybe the citizens of Lakeshore should look up how little Brookfield pays in taxes? Now an offshore Bermuda company.

    And when is the rest of Essex County going to wake up about the realities of IWTs?

    Canadian Business, Feb.27, 2014

    “Brookfield Asset Managementt: Offshore strategy keeps taxes at bay”

    Has about $175 billion in assets and paid just $1.3 billion in cash taxes.

    http://www.canadianbusiness.com/companies-and-industries/brookfield-asset-management-taxes

  4. ALT Energy Stocks, Nov.11, 2014

    Northland Power’s Solar-Backed Bond

    “Since the bond is asset backed and the recourse is to the solar projects instead of to Northland Power, this allows Northland to move operational renewable energy assets off their balance sheet freeing up space for new renewable energy assets.”

    Involves 6, 10 MW solar projects.

    http://www.altenenergystocks.com/archives/2014/11/northland_powers_solarbacked_bond.html

    Just some information about the world of “high-finance” in the renewable energy industry.

    • Gowlings, Aug.,2014
      Articles & Resources

      “Renewable energy project YieldCos emerge”

      “Large energy development companies (“DevCos”) have recently began using a corporate structure that effectively lowers the cost of capital by using (or ‘recycling’) equity to finance ongoing operations and new project development.”

      http://m.gowlings.com/KnowledgeCentre/article.asp?pubID=3677

      YieldCos are sold to investors.

      More information on how this works is in this article.

      • The laboratory:
        Subsidy money – not really being tracked;
        therefore, it should be deeply appreciated.
        Ugh!

        I want my mind back!

        Premier Social Justice – such an economic hero.

      • Third Way

        “Energy Finance 101: An Intro to Yield Cos”

        “Instead of waiting years to be paid back by allowing project earnings to be slowly realized, you can put these projects together into a separate company “Energy yield” and list it on the public markets. By listing Energy Yield, investors can buy shares of its predictable future income, giving you at Big Energy some capital upfront to invest in other projects.”

        YieldCos: “Originally a Canadian investment tool …”

        http://www.thirdway.org/report/energy-finance-101-an-intro-to-yield-cos

      • Hey Barbara,
        you say,
        YieldCos: “Originally a Canadian investment tool …”

        What do you mean?

      • Investment tool, using Yield Cos, is a way or means of making an investment more attractive to investors. Devised and first used in Canada.

        Also makes investments in projects more attractive to developers as they can get additional money out of doing a project in a shorter period of time.

        Provides more than one way to make money off from projects.

      • Project Financing (See above)

        “Finally, especially important to renewables this kind of structure can allow a company without taxable income to capture the value of tax benefits created.”

        Even without any taxable income for the year these companies can still make use of any tax benefits.

      • I’m under the impression that a YieldCo
        is a Wall Street invention.

        – you play small for big money –
        but, the question is –
        what does the parent company [they honestly are not involved]
        do with all that money?

        Of course – it’s all very legit.
        I think it’s driven by greed.

        A subsidiary can just disappear – then what?

        Let’s invest!

      • Read the Canadian Business article again. This is complicated tax accounting but it’s a good bet that the idea for YieldCos originated in Canada.

        Project bundling with the solar projects is also something to be concerned with.

        Recall the mortgage bundling that led to the 2008/09 financial meltdown in the U.S and other countries?

        Anyway many of these renewable energy projects have been turned into tax shelters and rural Ontarians can’t be allowed to say no to this.

      • To keep the tax benefits coming in every taxable year more and more new renewable projects have to be installed.

      • Gowlings, January 2014
        Articles & Resources

        The Never-Ending Solar Lease

        “Since the launch of Ontario’s Feed-In Tariff (FIT) programs in 2009, most property managers of commercial scale properties located in Ontario have been approached by solar project developers seeking to acquire roof access project rights for the development of solar projects under the FIT program.”

        “occasionally, substantial sales pressure has been applied in order to encourage rapid action …”

        http://m.gowlings.com/KnowledgeCentre/article.asp?pubID=3153&lang=0

        Article explains the different lease types for commercial solar roof-top projects.

    • Greentech Solar, March 20, 2013

      “Securitization: Another Innovation in Solar Finance”

      This is taking portfolios of contracted revenue from solar projects, bundling them, and selling them as individual securities.

      http://www.greentechmedia.com/articles/read/Securitization-Another-Innovation-In-Solar-Finance or Google this article.

      Already underway according to internet news articles and this article explains how this works.

      These are financial burdens to be borne by rural Ontarians.

      • Subsidy corruption……..and, what does this mean?

        ‘[excerpt] The U.S. Department of Energy (DOE) formed the Solar Access to Public Capital (SAPC) working group through the National Renewable Energy Laboratory (NREL) to facilitate securitization of solar by standardizing the power purchase agreements (PPAs), leases, and other instruments on which they are based and to improve clarity on risk.’

        Nobody is watching.
        The DOE and NREL – and, their efforts.

      • New experiences – how to look good, and define yourself –
        without having a meltdown.

        ‘[excerpt] In an effort to advance the availability of capital and financing options for the solar and other distributed energy technologies, which now includes solar securitization, Mercatus will also support the Solar Energy Finance Association (SEFA) in their ongoing efforts to advance the availability of capital and financing options for the solar and renewable energy industries.

        “Mercatus has been very instrumental in the SAPC’s effort to define risk and credit parameters, especially in helping develop standard C&I risk methodologies for the SAPC’s mock rating effort,” said John Joshi, a consultant to NREL for the SAPC group, noting that Mercatus will be presenting at an up and coming workgroup meeting May 1, 2014 in New York City on “Risk Analysis for Solar with Applications of Standards and Analytics” as part of its ongoing support of the SAPC effort.

        Since its 2009 inception, Mercatus has assessed over 20GW of commercial and residential solar projects, and currently serves 50% of the distributed generation U.S. solar market. Mercatus counts the industry’s top global developers, institutional investors and independent power producers as customers. Subscribers to the Mercatus platform are currently targeting $1.2 billion in dedicated capital deployment for distributed generation solar investments in 2014.

        “It’s great to see the continuing industry support for the SAPC standards,” said Michael Mendelsohn, Senior Financial Analyst at NREL. “Mercatus’ contributions on standards development and incorporation into its platform have been extremely helpful and will be essential to help mobilize the industry.”
        http://www.prnewswire.com/news-releases/mercatus-aims-to-accelerate-solar-securitizations-256057441.html

        http://www.forbes.com/sites/chuckjones/2013/04/09/solar-companies-continue-to-go-bankrupt/

        Ontario bankrupt – so who cares –
        Global Adjustment @ 7.6780 cents [currently];
        and, Ontario citizens have no choice.

      • NA Windpower

        “How Wind Developers Raise Equity In Public Markets”, 11 page report

        “Many wind developers regularly require additional capital infusions and keep their eyes peeled for opportunities to raise it. Three recent trends in public equity transactions for developers are yieldcos, listing on the Toronto Stock Exchange (TSX) and the declining use of real estate investment trusts (REITS).”

        http://www.nawindpower.com/issues/NAW1405/FEAT_05_How-Wind-Developers-Raise-Equity-In-Public-Markets.html

        —————————————————————–

        RECHARGE, Sept.1, 2014

        “In Depth: The yieldco effect”

        “After its share sale, Pattern turned around and acquired controlling interests in Texas’ 218 MW Panhandle 1 and Chilies’ 115 MW El Arrayan wind farms.”

        http://www.rechargenews.com/solar/1374747/IN-DEPTH-The-yieldco-effect

        Sell yieldcos and build more renewable energy projects.

      • Renewable Funding, June 30, 2014

        Renewable Funding recognized as Clean Energy Finance

        “But no amount of technology progress alone can make much of an impact without the proper financial tools to drive meaningful volumes of solar, wind and other forms of clean energy in the marketplace.”

        http://renewfund.com/news/renewable_funding_recognized_as_clean_energy_finance_trailblazer-4112

        Also known as making/creating an investment market for renewables. A trading market for renewables.

        Notice that this has to be labeled as CLEAN energy.

        Investments from the general public will be needed to drive renewables and this what is being developed.

      • When the general public is allowed to participate in the renewable energy financing markets then you also create a political constituency for renewable energy at the same time.

      • What came first – the chicken, or the egg?
        I say the chicken.

      • Renewable energy companies have to be first in line to get the guaranteed cash flow from selling their electricity first or none of their other financial dealings will work.

        And the present government is allowing this to happen. Other Ontario generation is curtailed or sold at a loss to accomplish this.

  5. Energy Minister Chiarelli – has directed the corrupt McGuinty creation…….
    ………………….approved by Premier Social Justice

    Accountable to no one –
    the Ontario Power Authority (OPA)
    a corrupt bureaucracy;
    was created
    as a money machine – to spew and churn
    @ the expense of Ontario citizens; and only,
    to the benefit of energy privateers.

    Merry Christmas!
    Happy Hanukkah!

    Feed-in Tariff Program

    December 18, 2014: Merger of the OPA and the IESO

    The Ontario Power Authority (OPA), the organization that coordinates province-wide conservation efforts, plans the electricity system for the long term, and contracts for clean electricity resources, is merging with the Independent Electricity System Operator on January 1, 2015, into a new organization that will carry the name Independent Electricity System Operator (IESO). The IESO currently balances demand for electricity against available supply through the wholesale market and directs the flow of electricity across the transmission system.

    The current responsibilities of both organizations will continue after the merger, including the operation of the FIT program. As a result of this merger, applicants who receive a contract in 2015, including successful extended FIT 3 procurement applicants, will receive IESO branded contract documents to reflect the new merged organization.

    Both organizations are working to ensure the transition to the new IESO is as seamless as possible. All OPA email addresses will transition from the @powerauthority.on.ca extension to the @ieso.ca extension on January 1, however during a transition period all emails sent to @powerauthority.on.ca will automatically be redirected to the new email address. Phone numbers will remain the same. We thank you for your patience as we update our website to reflect the new organization.

    December 1, 2014: FIT Program Enhancements Being Considered for 2015

    On August 29, 2014, the Minister of Energy directed the OPA to conduct focused stakeholder engagement, in consultation with the Ministry of Energy, to inform potential changes to the FIT Program for implementation in 2015.
    http://fit.powerauthority.on.ca/what-feed-tariff-program

    Get Rid of the OPA!

    • Good News!
      The OPA must have given in – to the threats.

      ‘[excerpt] We thank you for your patience as we update our website to reflect the new organization.’

      ‘[excerpt] ….. is merging with the Independent Electricity System Operator on January 1, 2015, into a new organization that will carry the name Independent Electricity System Operator (IESO).’

      Very Christmasy!

    • Municipal Council Support Resolutions – boiling eggs!

      Newsroom 2014

      December 1, 2015: FIT Program Enhancements Being Considered for 2015
      Interested parties may submit comments to a discussion paper by email to FIT@powerauthority.on.ca by January 23, 2015.

      October 9, 2014: FIT Contract Version 3.0.2
      The OPA has posted version 3.0.2 of the FIT Contract, which includes the requirement to reconfirm Municipal Council Support Resolutions or Aboriginal Support Resolutions, if applicable, as part of the Notice to Proceed (NTP) Pre-requisites as further detailed in section 2.4
      http://fit.powerauthority.on.ca/program-updates/newsroom/newsroom-2014

      How many eggs can you boil in one pot?

    • Wynne ignores calls to fire energy minister

      ‘[excerpt] Wynne replied that the smart meter program has seen “concrete success” on the ground.’

      [excerpt] The premier and Energy Minister Bob Chiarelli disagree with the auditor general’s conclusions that the $2-billion smart meter program has so far spent double its projected cost, has passed on extra costs to ratepayers and has not led to the government’s electricity conservation goals being met.

      Chiarelli said following the report’s release Tuesday that Auditor General Bonnie Lysyk’s numbers were wrong and premised on estimates. Lysyk spent 10 years working at Manitoba Hydro.

      “Why are my numbers more credible than hers?” Chiarelli said, in response to questions after the report’s release. “First of all the electricity system is very complex. It’s very difficult to understand.”

      He went on to say that when his staff met with the auditor’s staff they were left with the impression that the auditors did not understand some elements.

      Chiarelli said Wednesday that all of his comments were about the staff.

      “I have no idea whether those representatives were male or female,” he said, insisting he was very respectful of Lysyk.

      But both the Progressive Conservatives and the New Democrats saw it differently, repeatedly calling for Chiarelli’s head in a raucous question period.’
      http://www.insidehalton.com/news-story/5199682-wynne-ignores-calls-to-fire-energy-minister/

      Get Rid of Energy Minister Chiarelli!!!!!!!

      • The Ontario electricity sector was made into something very complex IMO.

        All those responsible for this should be held accountable for this including the premier.

        Chiarelli just happens to be the one in charge right now.

        Tax shelters have been created and to keep feeding this “cookie-monster” more and more projects have to be installed.

        This also extends to the federal level as tax incentives are involved here.

  6. What’s important is that rural Ontarians become familiar with the financial deals that are taking place. Right now it doesn’t matter who first thought these financial/tax ideas up. That’s for historians now.

    • REnewable Economy, Aug.4, 2014

      “How yieldcos are changing paradigm of renewable investments”

      The idea is to get investors engaged in CLIMATE PROTECTION FINANCE.

      Yieldcos and GREEN CLIMATE bonds can be used for this purpose.

      Markets for these kinds of investments are CREATED so that the general public can participate in buying yeildcos and green bonds.

      This will be done off the backs of rural Ontarians with IWTs and solar farms which can be used again to obtain more financing to install more renewable projects.

      Also renewable projects provide tax shelters for developers and investors. Yieldcos and green bonds provide cheaper capital for projects as well.

      http://www.reneweconomy.com.au/2014/how-yieldcos-are-changing-paradigm-of-renewables-investment-26634

      Very important for rural Ontarians to know about these new developments.

      • Energy privateers in a panic!
        Ontario citizens forced to do their part
        and, Energy Minister Chiarelli @ Christmas party!

        Use of the phrase “yield co” to describe three recent share flotations by NRG Yield, TransAlta Renewables and Pattern Energy Group, Inc. masks very different business arrangements.

        What is interesting is the different decisions each company made in structuring a yield co that would appeal to the market.

        The three companies are among five project developers
        that set up or attempted to set up yield cos since the summer.

        Two companies – Silver Ridge Power and Threshold Power –
        attempted listings in Canada but withdrew the offerings.
        http://www.chadbourne.com/files/Publication/23563110-8a1e-40f0-88ba-b6d868e8cb56/Presentation/PublicationAttachment/2198b0b7-d98f-4208-8d23-b7b15a92450b/YieldCosCompared_Dec13.PDF

        DEFINITION of ‘Blind Pool’

        A limited partnership or stock offering with no stated investment goal for the funds that are raised from investors. In a blind pool, money is raised from investors, usually trading on the name of a particular individual or firm, but few restrictions or safeguards are in place for investor security.

        May also be called “blank check underwriting” or a “blank check offering”.
        INVESTOPEDIA EXPLAINS ‘Blind Pool’

        Blind pools are often a product of late-stage market rallies, when investors and financiers tend to become more greedy than prudent. Many fraudulent deals in the 1980s and 1990s gave blind pools a bad name. Sometimes these pools are born and later dissolved without making a single investment – but the managers or general partners still make off with hefty fees.

        Some of the largest and most-respected Wall Street firms have underwritten blind pools. However, this backing aside, investors should be very cautious of any investment without a stated objective.
        http://www.investopedia.com/terms/b/blind_pool.asp

      • PRWeb, April 30,2014

        “Grasshopper Solar raises $100 million in financing to expand its award winning FREE solar program for homeowners”

        “Toronto, Ontario, Canada, April 29 2014, Grasshopper Solar, a leader and innovator in the solar energy industry announced it has secured $100 million from institutional investors to expand its award winning FREE solar program.”

        Institutional investors must think there is money for them in FREE solar installations?

        http://www.prweb.com/releases/2014/04/prweb11804229.htm

      • Toronto Sun, Nov.14, 2012

        “Ontario’s solar energy plan zaps taxpayers”

        Free Solar Community Program

        If you qualified you got free solar panels.

        The company: “It goes on to say that for every inquiry about the scheme, let alone a set of panels installed, undefined amounts will be donated to the Davis Suzuki Foundation, all courtesy of the same Ontario green tariff program.”

        http://www.torontosun.com/2012/11/14/ontario-solar-energy-plan-zaps-taxpayers

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