Sunday, May 23, 2010

Ontario Issues $8 Billion in Renewable Energy Contracts

http://greeninc.blogs.nytimes.com/2010/04/09/ontario-issues-8-billion-in-clean-energy-contracts/?ref=earth


By John Lorinc
April 9, 2010
The New York Times

Brief Summary:
$8 billion in new renewable energy deals was announced just recently by the Ontario government agency under the provinces feed-in tariff program. This includes 184 solar, hydro and landfill gas projects winning long term contracts which will provide a total of about 2,500 megawatts of green power.

Short Response:
This is good news for the environment, but provincial rate payers will end up spending over $300 more a year on their electricity bills, which i'm sure will raise controversy and make many people unhappy, but it is for the best ultimately.

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