Ontario commits $2.3 billion over three years to grid upgrades, expansion
Just days before the Ontario government is expected to officially launch its much-anticipated feed-in tariff program (FIT), Energy and Infrastructure Minister George Smitherman announced that the province — through crown-owned utility Hydro One — will spend $2.3 billion on 20 projects designed to expand and upgrade its transmission system. The investment is expected to take place over three years and create 20,000 “green-collar” jobs in the process. Many of the projects are aimed at expanding capacity along existing corridors to carry more power from the Far North where there remains an abundance of untapped wind and hydroelectric projects. But some of the money will also go toward constructing enabler lines for areas of the province where renewable-energy development clusters have been identified. It’s being called an historic investment in transmission, the largest single commitment in decades, and the government said it was important to make this commitment to signal to the market that Ontario is serious about accommodating development of green-energy projects. Indeed, it’s a wise investment to announce just before the launch of the FIT program, and just after announcing a $250-million loan guarantee program dedicated to aboriginal-owned renewable generation and transmission projects.
A description of each projects can be found here. The province has also supplied a map showing where existing lines will be reinforced and where enabler lines will be built.
Tags: FIT Program, Green Energy Act, Hydro One
Tyler Hamilton is editor-in-chief of Corporate Knights magazine and a business columnist for the Toronto Star, Canada's largest daily newspaper. In addition to this Clean Break blog, Tyler writes a weekly column of the same name that discusses trends, happenings and innovators in the clean technology and green energy market. This blog is a personal project started in April 2005. It is not an official blog of the newspaper.
September 24th, 2009 at 1:47 pm
[...] Ontario commits $2.3 billion over three years to grid upgrades, expansion Posted September 24, 2009 Filed under: Uncategorized | http://www.cleanbreak.ca/2009/09/22/ontario-commits-2-3-billion-over-three-years-to-grid-upgrades-ex... [...]