- Last Updated on Friday, 31 August 2012 10:59
Here we have compiled information related to the funding of renewable energy projects in Ontario.
The Community Power Fund is a financing organization established to support community-owned renewable energy in Ontario. It is made possible through the Ontario Power Authority and the Province of Ontario.
This fund has two principle programs: the Community Energy Partnerships Program (CEPP) and Community Power Capital (CP Capital).
Click here to learn more about these two funding programs and to see the kinds of projects that have been funded.
The CEPP is a grant program to support community power in Ontario. This Blue Sky Renewable Energy Initiative has been funded by a community education grant from CEPP.
CEPP also assists community power projects through funding support of up to $200,000.
Click here to learn more about CEPP's community power project grants, including information regarding caps on grants for different types of renewable energy technologies. This Website page also includes links to information on eligibility criteria, funded activities, rules, the kinds of projects that have been funded and other useful information.
Ontario's Feed-in Tariff Program (FIT 2.0)
After a planned review process, to address decreasing technology costs for renewable energy and to incorporate stakeholder feedback, Ontario's Feed-in Tariff Program has experienced significant revisions. This iteration of the program is referred to as FIT 2.0. A FAQ explaining the changes can be accessed here.
Click on the link above to learn about Ontario's FIT 2.0 (Feed-in Tariff) program. The FIT program provides guaranteed purchase of all of the power supplied by renewable energy projects for 20 years (40 years for waterpower) at a fixed price. The prices are designed to cover project costs and provide a reasonable rate of return on the investment over the term of the contract.
The FIT program includes an incentive for Aboriginal and community-based projects in the form of a "price adder".
Click here to learn more about the FIT program.
Click here to learn more about "community projects".
Click here to learn more about "Aboriginal projects".
Click here to view a pdf document providing an overview of the FIT program.
Other Funding Sources
Click here to view other potential funding from the CP Fund.
Click here for information on the Northern Energy Program.
Click here for the OPA's list of additional potential funding opportunities.