Ontario started accepting applications under the feed-in tariff scheme last Thursday. In the same week, two substantial green energy acquisitions in the province were announced, including the purchase by Canadian Hydro Developers Inc (KHD.TO) of a site in Lake Erie that could become the largest offshore wind farm in the world. "This could reasonably be the start of a series of targeted acquisitions and partnerships in the province," Haywood Securities' renewable energy team said in a research report. Arise Technologies Corp (APV.TO), which makes solar power technology, said it expects to benefit from a surge of clean-energy projects sparked by the feed-in program. "Judging from the numbers of solar feasibility studies that Arise has recently conducted for prospective customers, interest is expected to be particularly strong in the small- to medium-sized residential and commercial systems," Ian MacLennan, president of the company's systems division, told Reuters. Gipe, who is the author of several books on renewable energy and now lives in California, says Ontario's Green Energy Act is North America's most progressive legislation in three decades, shaking up policy on both sides of the border. In what one of his colleagues calls a "feed-in tariff frenzy", some electric utilities in the United States are voluntarily proposing feed-in tariffs for renewable power in the hopes of avoiding legislated, higher rates, Gipe said. ($1=$1.06 Canadian) (Reporting by Nicole Mordant and Susan Taylor; editing by Rob Wilson) http://www.reuters.com/article/unknown_channel/...rtualBrandChannel=0 |
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