This week, the Ontario Power Authority (OPA) announced the beginning of the final stage of its Feed-in-Tariff (FIT) program: FIT 3.0. The OPA is accepting applications until December 13, 2013 for Small FIT Projects with proposed capacity of approximately 10 to 500 kilowatts. Applications are also being accepted during this period for a new Unconstructed Rooftop Solar Pilot.
The OPA provides a summary of the changes introduced by FIT 3.0 here. Of particular note, FIT 3.0 will not include Large FIT Projects, meaning applicants interested in developing projects larger than 500 kilowatts will be required to participate in the competitive large renewables procurement processes, described in detail by our colleagues Suzanne Murphy and Omar Soliman here. Also worth noting is that the Minimum Required Domestic Content Level (MDCL) has decreased from 50% for on-shore wind facilities to 20%. Similarly, the MDCL for solar PV has decreased from 60% to a range of 19-28%, depending on the exact solar PV technology used.
To view original article, please click here
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
