The Executives of Ontario Clean Technology Alliance, a confederation privileged with generous R&D tax credits, a low-risk business environment, good growth opportunities and educated workforce, and supported by various government companies of the state, are participating in the Solar Power International Expo at Dallas, Texas.
They will be extending invitation to green technology companies from all over the world to partake in the environmental revolution in the Province of Ontario. During 2010, Ontario, the largest province of Canada has installed and commissioned around 168 MW of solar power production capability, thus surpassing and pushing New Jersey to the second position in North America.
Currently, around 110 clean technologies companies have their head office located in Ontario and these companies are either utilizing their own developed proprietary technology to produce goods or offer services or are in the process of developing and marketing the acquired technologies, thus offering their services to cut down harmful environmental impacts. According to an estimation provided by Sustainable Development Technology Canada (SDTC), the clean energy companies in Ontario will generate over $1 billion by the year 2015. In addition to this, currently there are over 2,800 companies that are engaged in environmental related products, providing employment to around 65,000 people and yielding revenue of around $7 billion.
Ontario has passed its Green Energy Act in May 2009, thus leading North America in implementing green energy initiatives. It offers a range of clean energy programs for the companies engaged in the clean energy sector such as NextGen Biofuels Fund and Sustainable Tech Fund from STDC, Ontario Power Authority Technology Development Fund, Ontario Innovation Demonstration Fund and Ontario Emerging Technologies Fund. Ontario has advanced green energy policies such as Feed-in-Tariff (FIT) to assist the growth of middle level clean technology business and targeted incentives in North America. The FIT program of Ontario Power Authority used the successful models of France and Germany. It includes the first ever guaranteed and comprehensive pricing structure to assist renewable energy power generation by offering long term stable prices for waterpower energy generation, landfill gas, biogas, biomass, onshore and off-shore wind power generation and solar photovoltaic.
Ontario after the introduction of its FIT program two years before has received over C$20 billion (US$19.5 billion) investment commitments in the clean energy sector, which includes the single largest investment commitment by Samsung C&T Coro from South Korea and the other companies include SunEdison and MEMC Electronic Materials.
Source: http://www.ontariocleantechalliance.com/news/