Friday, December 28, 2012

Rules have Renewables Suppliers Scrambling in US, but not in Ontario

A juxtaposition between events ending 2012 in the US, and those in Ontario.
Wasn't the Korean Consortium supposed to have 4 plants running in Ontairo by now as part of it's sweatheart deal with the government?
While 3 of those plants exist (with less than anticipated employment), the fourth remains a promise - promised again in July 2012, with, most recently, London politician and maligned Minister of Energy Bentley noting in November that the plans are still "on track."
Shunted aside to a forgotten area of a forgotten depot  - but on track.

All over the country, developers are in a sprint to get new wind farms up and running before Tuesday, when the federal wind production tax credit will disappear like Cinderella’s ball gown. After that, the nation’s wind-farm building will be at a virtual standstill.
The stakes of meeting the deadline are enormous. Wind turbines that are connected to the grid and in commercial service before midnight on New Year’s Eve are entitled to a 2.2 cent tax credit for each kilowatt-hour they generate in their first 10 years, which comes out to about $1 million for a big turbine. As it stands now, those that enter service on Jan. 1 or later are out of luck.
The deadline is a bit like the April 15 one for filing income taxes, but “there are no extensions here,” said Paul Copleman, a spokesman for Iberdrola. 
The entire article can be read at

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