Thomas J. Timmins Chairman, Renewable Energy Practice Gowling Lafleur Henderson LLP
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Thomas J. Timmins Chairman, Renewable Energy Practice Gowling Lafleur Henderson LLP Renewable Energy Investment Opportunities in Canada Greater Toronto Marketing Alliance and Confindustria
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Renewable Energy Investment Opportunities in Canada. Greater Toronto Marketing Alliance and Confindustria. Thomas J. Timmins Chairman, Renewable Energy Practice Gowling Lafleur Henderson LLP. About Gowlings. - PowerPoint PPT Presentation
Transcript of Thomas J. Timmins Chairman, Renewable Energy Practice Gowling Lafleur Henderson LLP
Thomas J. TimminsChairman, Renewable Energy PracticeGowling Lafleur Henderson LLP
Renewable Energy Investment Opportunities in Canada
Greater Toronto Marketing Alliance and Confindustria
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About Gowlings
Offices in all major business centres across Canada – Toronto, Hamilton, Waterloo Region, Ottawa, Montréal, Calgary and Vancouver
International offices in Beijing, London and Moscow Seamless 24 hour service around the world Gowlings’ Renewables Group: active on every continent and in every Canadian
jurisdiction
Canada
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Canada’s Generation Mix
Data : Canadian Electricity Association
Total Utility Generation: 594,900,000 (MWh)
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Our North-South Oriented Grid
Source: Natural Resources Canada, 2009
The Constitution Act, 1867
Federal state with: One federal government Ten provincial governments Three territories Thousands of municipalities
Who governs electricity in Canada?
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Canada Renewables Summary
SOLAR PV market grew 5.5 times per year for the period between
2006 to 2012 Ontario currently has over 30 solar module and inverter
manufacturers present in the province Canadian Solar PV market is expected to grow from less
than 500 MW per year between 2011 and 2015 to up to: 1,000 MW per year from 2016 to 2020 1,500 MW per year from 2021 to 2025
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Canada Renewables Summary cont.
WIND 6,578 MW of installed capacity -9th largest 2012 saw 936 MW of new capacity ($3.0 Billion) Expect to see $28 billion invested by 2014
Sample provincial targets: Ontario: 4,600 MW by 2020 Quebec: 4,000 MW by 2016 Manitoba: 1,000 MW by 2016 B.C.: 784 MW by 2014
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Canadian Financial Markets
Faired well during global recession Surpluses of 1.7% of GDP / 2007 Deficits of 5.2% of GDP / 2009 Federal rating: AAA/Aaa Ontario: AA-/Aa2 Infrastructure deficit Vast territories – historic trends Pension funds of US$806 billion (62.9% of GDP) Demographic trends – move toward fixed income Infrastructure investment abroad
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Key Programs in Canada
Ontario’s FIT
Contract price 11.5 ¢/kWh –Wind 10.4-19.5 ¢/kWh –Biogas 34.7-54.9 ¢/kWh –Solar PV
Community/Aboriginal Price Adders
Length of contract: 20-50 years
Consumer Price Index (CPI)
Domestic Content – Reduced On shore wind 20% minimum Solar PV 19-28% minimum
Security Deposits: $10/KW Application $20/KW Contract Offer $10/KW NTP
OPA offtaker (AA-/AA1)
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Ontario Feed-in Tariff (FIT) Projects
Ontario’s Feed-in Tariff (FIT) program 2,500 FIT and 11,000 microFIT contracts 10,000 MW of contracted projects to be built
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Progetti di esempio Ontario
2.212 pannelli sul tetto di arena comunale
500 kW DC• 590 MWh
all'anno AC
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Città di Tecumseh su tetto FIT Progetto solare
•86 Siemens 2.3 MW Turbines•398,013 MWh all'anno
Wolfe Island Wind Farm
Ontario Feed-in Tariff (FIT) Summary
$3.2 million project
2,212 panels on 40,000 sq. ft roof of municipal arena
• 500 kW DC Rated• 590 MWh per
year AC Output Financed by
Issuing “Green Shares”
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Town of Tecumseh On-roof FIT solar Project
Ontario Feed-in Tariff (FIT) Summary
4MW community-owned project
Two 2MW Enercon turbines
Can generate up $300,000 net per year for first 14 years
$1.6 million/year after loans repaid
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M’Chigeeng First Nation MERE Wind Project
Ontario Feed-in Tariff (FIT) Summary
Solar Rooftop Project
Project Size: 90 kW
Family owned and managed
Located on farm
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Longhurst Solar Project
Key Programs Across Canada cont.
Saskatchewan – RFPs – 175 MW in process
B.C. – new call expected 2013
Alberta – no target, competitive market
Quebec – 800 MW of wind energy -regulation published August, 2013
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Ontario Clean Technology Alliance
• Durham Region, Halton Region, Department of Foreign Affairs, Ontario Ministry of Economic Development, Trade and Employment, Ministry of Research and Innovation• Feed-in Tariff Program • SDTC SD Tech Fund — $590 million fund for late-stage clean
technology solutions• SDTC NextGen Biofuels Fund — $500 million to support establishment of first-
of-kind commercial scale facilities • Ontario Innovation Demonstration Fund — up to $4 million to help
commercialize innovative technologies• Ontario Power Authority Conservation Fund — up to $500,000 per project for
pre-commercial technologies
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Thank You
montréal ottawa toronto hamilton waterloo region calgary vancouver beijing moscow london
Thomas J. TimminsChairman, Renewable EnergyTel: (416) [email protected]
