FACTBOX-Recent green energy investments in Ontario

Mon Feb 14, 2011 5:52pm GMT
 

VANCOUVER Feb 14 (Reuters) - The outcome of an election this autumn in Ontario could stunt a budding renewable energy industry in the Canadian province just as it is becoming one of the world's hot investment destinations. [ID:nN17294250]

Here is a list of some announcements by companies on setting up operations in Ontario in the 16 months since the province unveiled its feed-in-tariff program, which pays above-market rates to developers of power from clean sources like the sun and wind.

Feb. 10 - Northland Power (NPI.TO: Quote) said it will develop a 60-megawatt wind farm in northern Ontario in a joint venture with an aboriginal company.

Feb. 10 - SkyPower, a privately owned Canadian developer of solar energy projects, said it will develop a 10-MW, 45,000-solar panel project in Thunder Bay in northern Ontario.

Feb. 1 - Enbridge Inc (ENB.TO: Quote) said it will buy two new solar projects in southern Ontario from First Solar Inc (FSLR.O: Quote) for about C$90 million ($91 million).

Jan. 31 - Celestica Inc (CLS.TO: Quote) said it will start manufacturing solar modules for customer Recurrent Energy, a U.S.-based unit of Sharp Corp (6753.T: Quote), for its projects in Ontario.

Jan. 5 - Plutonic Power Corp PCC.TO and General Electric Co (GE.N: Quote) unit GE Energy Financial Services said they will buy a 50-MW portfolio of three solar photovoltaic sites in Ontario.

Dec. 6, 2010 - U.S.-based NextEra Energy Resources agreed to buy four small photovoltaic projects, with total combined energy of 40 MW, in Ontario from First Solar Inc.

Oct. 8 - Spain's Siliken SA said it will open a plant in Windsor, Ontario, to manufacture up to 50 megawatts of solar modules annually and employ about 175 people.   Continued...

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