How serious is the Ontario government about creating 50,000 green-collar jobs within three years?
That’s the question many power developers are asking now that details of a proposed green-energy purchase program are beginning to emerge.
They say the program’s draft rules make unrealistic assumptions about the cost of financing projects and stray too far from the European model it’s attempting to emulate.
The Ontario Power Authority, which is designing the program, assures that nothing is written in stone — yet — and that it’s open to constructive feedback.
The agency announced in March that its feed-in tariff program, called FIT, would pay generous premiums to renewable-energy developers who agree to sell power to the province under 20-year contracts.
