P2Solar, Inc. recently announced its planned entry into the Ontario solar power market with a 10 megawatt power plant. The British Columbia-based company spent several months studying Ontario's feed-in-tariff (FIT) program to build a large-scale project that benefits the province's green economy.
P2Solar, Inc. recently announced its planned entry into the Ontario solar power market with a 10 megawatt power plant. The British Columbia-based company spent several months studying Ontario's feed-in-tariff (FIT) program to build a large-scale project that benefits the province's green economy. Ontario's FIT program is a comprehensive pricing structure for renewable energy production. The program is part of the Green Energy and Green Economy Act, 2009, implemented by the Ontario Power Authority.
Since its inception back in 2009, the FIT program has created more renewable energy jobs and increased demand for PV installation training for the province. Says Raj-Mohinder Gurm, CEO of P2Solar, "Entry into the Ontario solar market will be a very nice complement to our existing target market India." He continues, "We have identified a sub-set of potential sites that we believe are good candidates for receiving clearance from Hydro One within a reasonable time-frame.
Ontario's FIT Program Conducive to Green Economy Growth
The main reason why P2Solar thinks Ontario would be a perfect venue for this project is because the province's feed-in-tariff program does not have a minimum financial investment requirement. This gives Ontario's green economy the potential to grow in time, possibly increasing jobs and sparking additional demand for PV installation training. P2Solar is now planning to hire a consultant well-versed in site selection to help the company acquire approval. Attention to detail and careful management are needed during this step of the process, as approval is only provided if the site chosen adheres to the FIT program's grid congestion and difficulty of grid connectivity guidelines, among other things.
P2Solar's Project Presents Renewable Energy Job Opportunities
The FIT program was designed to help expand Ontario's renewable energy sector and create as many as 70,000 jobs by 2015. By taking advantage of the province's generous incentives, P2Solar's 10MW plant will help add to the growing number of renewable energy job opportunities. This in turn could help spark additional demand for PV installation training classes as the region's workforce transitions from fading industries in areas such as automotive manufacturing or traditional fossil fuel power generation to greener, more sustainable industrial sectors.