Consistent with the Alberta Electric System Operator’s (AESO) earlier indications and as discussed in previous posts, renewable electricity will include wind, solar, hydro, geothermal, and sustainable biomass projects. The REP is available to large scale renewable electricity generation (5 MW or greater total nominal capacity). Under the Act, the AESO will administer “a fair and competitive process” for REP proposals to incentivize renewable generation in the Alberta in … Continue Reading
On February 10, 2015, BC Hydro announced that it is making available yearly target energy volume information to help developers with project planning under its Standing Offer Program (SOP). As part of the “Clean Energy Strategy” included in BC Hydro’s 2013 Integrated Resource Plan, the SOP’s annual target energy volume was increased from 50 GWh/year to 150 GWh/year.… Continue Reading
Following our recent blog posting on the release of the Ontario Power Authority (“OPA”) Draft LRP I RFP, LRP I Contract and draft Prescribed Forms released on November 17, 2014 here, we continue the tradition of year-end lists to bring our top ten issues under the draft LRP I Contract (the “Contract”). … Continue Reading
We are delighted that McCarthy Tétrault partner Seán O’Neill has been quoted in a recent article by Shawn McCarthy of The Globe and Mail. In the interview, Seán discusses the potential impact of a new Ontario government reneging on existing wind and solar electricity contracts.
Greenpeace, the Sierra Club and other U.S. environmental groups have submitted an open letter to Ambassador Demetrios Marantis, arguing that the U.S. government should drop its planned World Trade Organisation (“WTO”) challenge of Indian solar subsidies under the Jawaharlal Nehru National Solar Mission programme.… Continue Reading
Later this week, on April 25, 2014, the United States is expected to file a dispute with the World Trade Organization (the WTO) regarding India’s domestic content requirements for solar cells and solar modules under its Jawaharlal Nehru National Solar Mission programme, introduced to promote the development of solar power generation facilities in the country. The United States alleges that India requires solar power developers to purchase and use solar cells and solar modules of Indian origin and that India’s solar power developers receive certain benefits and advantages, such as long-term tariffs for electricity, provided that they purchase and use … Continue Reading
Today is the first day of the APPrO 2013 Conference, which will be taking place at the Metro Toronto Convention Center. Sessions will cover a wide range of topics of interest to anyone involved in Ontario’s power sector and there is an impressive roster of speakers. In particular, look out for McCarthy Tétrault’s very own George Vegh, who will be moderating a panel on The Evolution of Policy and Regulation: What’s Ahead for Ontario’s Power Sector? We look forward to seeing you there.… Continue Reading
This week, the Ontario Power Authority (OPA) announced the beginning of the final stage of its Feed-in-Tariff (FIT) program: FIT 3.0. The OPA is accepting applications until December 13, 2013 for Small FIT Projects with proposed capacity of approximately 10 to 500 kilowatts. Applications are also being accepted during this period for a new Unconstructed Rooftop Solar Pilot.
The OPA provides a summary of the changes introduced by FIT 3.0 here. Of particular note, FIT 3.0 will not include Large FIT Projects, meaning applicants interested in developing projects larger than 500 kilowatts will be required to participate in … Continue Reading
The 2013 edition of the Clean Energy Canada Finance Guide is out, and we are pleased that we have again topped the Canadian league tables for renewable energy transactions. In particular, we are credited as having advised on:
- the highest number of eligible project finance transactions: a total of 16 deals collectively valued at $2.9 billion
- the highest number of eligible M&A, private equity and venture capital transactions: a total of 7 deals collectively valued at $2.09 billion
Last week, the Ontario Power Authority (OPA) announced here that no less than 951 new Small Feed-in Tariff (FIT) renewable energy contracts had been awarded, mostly for small-scale solar projects. Based on the list of contracts posted on the OPA’s website, it appears that a large proportion of the contracts were awarded to school boards and for projects with Aboriginal participation.
The Minister of Natural Resources of Québec, Martine Ouellet, announced on July 4, 2013 the creation of a new commission and the holding of public consultations with a view of developing Québec’s new energy strategy. Based on the results of the consultations to be held during the fall of 2013, the Québec Government intends to adopt a new energy strategy in 2014. The last energy strategy adopted by the Government in 2006 defined goals and action items applicable from 2006 to 2015, including the procurement of 4,000 MW of wind power generation during that period.
Among the objectives of this … Continue Reading
In our last post, we outlined some of the motivating factors behind the Kingdom of Saudi Arabia’s ambitious new 54,000 MW renewable energy program. In this post, we provide a brief overview of the Kingdom’s competitive procurement process (CPP).
The Kingdom recently published a white paper that describes the proposed CPP. The process “will consist of an Introductory Round with pre-packaged sites identified by the King Abdullah City for Atomic and Renewable Energy (KA CARE), followed by additional procurement rounds conducted over a two to three year window that will target up to 7,000 MW capacity of contracted capacity.”… Continue Reading
In Ontario, there hasn’t been much talk of the launch by the Kingdom of Saudi Arabia of its ambitious 54,000 MW renewable energy program. There should be: the sun-soaked country is intent on developing 41,000 MW of solar power capacity alone – well over twice Ontario’s 15,700 MW goal across all renewable sectors.
Saudi Arabia is intent on developing 41,000 MW
of solar power capacity alone – well over twice
Ontario’s 15,700 MW goal across all renewable sectors.
As recent as 2011, Saudi Arabia had no targets for renewable energy. British Petroleum estimates that “less than 1% of Saudi energy … Continue Reading
Tomorrow is Ontario’s 2013 Feed-in-Tariff Forum, which will be taking place at the Metro Toronto Convention Centre. Sessions will touch on topics ranging from the impact of surplus baseload generation to Aboriginal and community partnerships to, of course, FIT 2.0. The second day of the conference will offer two separate “tracks” focused on solar and wind powered projects respectively.
McCarthy Tétrault will be attending the Forum. In particular, look out for partners Seán O’Neill, who will chair a session on “Realities and Strategies for Project Developers” and Suzanne Murphy, who present on “Challenges of FIT 2.0 for Aboriginal … Continue Reading
On January 1, 2013, the Senate and the House of Representatives approved H.R. 8, the American Taxpayer Relief Act of 2012 (the Bill) by a vote of 89-8 and 257-167, respectively. The Bill is the long-awaited and much negotiated response to the numerous expiring tax cuts and automatic reductions to federal expenditures, known as the “fiscal cliff”, which were set to go into effect at the beginning of the year.