The Government of Ontario today released their two-year review of the FIT Program. Recommendations include, among others, (i) the reduction of prices - for solar projects by more than 20% and for wind projects by approximately 15% (see new price table below); (ii) the creation of a point system to prioritize FIT Applications which have demonstrated community or Aboriginal participation and municipal support; and, (iii) reserving 10% of the remaining capacity for projects for those projects which have significant local or Aboriginal participation.
Revised draft Program Rules and draft Contracts implementing the recommendations are expected to be released shortly by the OPA. We will continue to update the blog with further information and analysis regarding changes to the FIT Program.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.