Thursday, April 8, 2010

Ontario Adds 2.5 Gigawatts of Renewables

ONTARIO, Canada (TheStreet) -- Ontario has awarded 184 renewable energy projects for a total of 2.5 gigawatts of alternative energy, under its feed-in tariff scheme for projects of more than 500 kilowatts in size, the most favorable FIT scheme that exists in North America.

Solar companies, including Canadian Solar(CSIQ) most prominently, have pegged the Ontario market as an important growth driver as FITs are reduced in some European countries, led by the German FIT reductions. Canadian Solar has committed to building a module assembly manufacturing plant in Ontario. More >>>

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