Moving ever so swiftly, Ontario announced yesterday a series of Green Energy Act regulations that formally remove layers of municipal and provincial approvals for renewable energy projects. The MOE has now set up a one-stop agency to facilitate new approvals.
The MOE also officially launched the country’s first feed-in tariff, a key part of Ontario’s renewable energy plan, consacrated earlier this year by the adoption of the Green Energy Act. Administered by the Ontario Power Authority (OPA), the “Feed-in Tariff” is the price paid to renewable energy suppliers for the green energy they produce.
It’s designed to guarantee market prices for electricity generated from renewable energy sources to encourage investment by proponents in renewable energy projects. The OPA will begin accepting FIT applications on October 1, 2009.