Ingo Stuckmann, CEO and director of Wind Works, said: “We are excited to be submitting our first application for a power contract under the new feed-in tariff program in Ontario. We expect to submit a number of additional applications for other projects in our portfolio over the coming days as we approach the November 30th deadline. The granting of a power contract is a big milestone as it provides economic certainty and significantly increases the value and marketability of a project.”
The FIT contract programme is part of the new Green Energy Act in Ontario and offers a power contract with a guaranteed rate of CAD135/MWh over a 20-year term to qualified wind energy projects. The Ontario Power Authority (OPA) initial launch period deadline for FIT applications is November 30, 2009. This first launch period is designed for projects that were being developed under the Renewable Energy retired Renewable Energy Standard Offer Programme and are therefore further advanced.
Clean Breeze is a 10MW project located in Ontario, Canada, in the Northumberland Hills. This project has been under development for over three years.
