McGuinty Government Takes Steps to Ensure Successful Renewable Energy Program
Ontario is moving ahead with its clean energy program, taking immediate steps to ensure the long-term sustainability of renewable energy while creating more jobs, lowering prices and giving communities a greater say.
Following the first review of Ontario's signature Feed-in-Tariff (FIT) Program, the government will act quickly to implement all the recommendations, which include:
Creating more jobs sooner by streamlining the regulatory approvals process for projects while maintaining the highest environmental protection standards.
Reducing prices - for solar projects by more than 20 per cent and wind projects by approximately 15 per cent.
Encouraging greater community and Aboriginal participation through a new priority point system, which will also prioritize projects with municipal support.
Reserving 10 per cent of remaining capacity for projects with significant participation from local or Aboriginal communities.
Developing a Clean Energy Economic Development Strategy to leverage Ontario's significant expertise and strengths to become a global leader in the sector.
Ontario's clean energy strategy has attracted significant renewable energy development, leveraging more than $27 billion in new investment and economic opportunities. More than 20,000 clean energy jobs have been created and the province is on track to create 50,000 jobs, while helping build a healthier future for all Ontarians.