in News Departments > New & Noteworthy
print the content item

According to a wind power study conducted by Guy Holburn and Charles Morand from the Richard Ivey School of Business, Ontario's Green Energy Act doesn't go far enough because it fails to include long-term targets for renewable capacity and leaves decision-making to ministers.

"Regulatory Risk and Private Investment in Renewable Energy Technologies: A Study of the Ontario Wind Power Sector" recommends that the Ontario government enact bold legislation on renewable energy - with long-term capacity targets - to attract wind developer investments.

Holburn and Morand surveyed 63 wind developers and studied past policies to determine why previous provincial initiatives to increase green energy, including a feed-in tariff that guarantees the Ontario Power Authority will purchase from renewable electricity suppliers at fixed prices, have failed to meet targets.

"The new Green Energy Act removes some of the uncertainty around municipal permitting and grid connection policies," says Holburn, who specializes in utility regulation and stakeholder management. "However, the act does not establish long-term targets for renewable capacity. Instead, it leaves key decisions on targets and power pricing in the hands of the minister, who can easily change policies if political priorities shift."

According to their study, 4 1/2 years of Ontario government initiatives on green energy have produced mixed investment results in the wind power industry. Less than half of the original 2004 target for renewable investment by 2007 was actually achieved.

Holburn and Morand attribute this to policy-making that is conducted outside of the scope of formal legislative and regulatory processes.

SOURCE: Richard Ivey School of Business at The University of Western Ontario




Trachte Inc._id1770
Latest Top Stories

Sen. Grassley Makes Another Legislative Push For Wind PTC Extension

U.S. Sen. Chuck Grassley, a long-time wind power advocate, recently made an effort to bring attention to the importance of a production tax credit extension.


Alberta Breaks Wind Power Record, Then Does It Again

Last week, the Alberta Electric System Operator recorded new wind production peaks in the Canadian province - highlighting how well the grid integrated the renewable energy.


Federal Appeals Court Finds Obama's Wind Farm Decision Unconstitutional

A federal appeals court ruled that the U.S. government violated the constitutional rights of Chinese-owned Ralls Corp. when ordering the divestment of four Oregon wind farms.


Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.

Canwea_id1984
Renewable NRG_id1934
Navigant_id1983