ontariofit

Ontario’s photovoltaic market is expected to reach cumulative installations of 2,650 MW by 2015, according to a new report by ClearSky Advisors. The foremost concerns of market participants are political and regulatory uncertainty, the report said.

The capacity projection includes demand from the province's Feed in Tariff program, the Renewable Energy Standard Offer Program and the "Samsung agreement." In 2011, 455 MW of new PV installations are expected to be added. Delays during the permitting process will push most FIT utility-scale demand back into 2012 to 2013. An increasing number of suppliers, reduced global costs and delayed demand have combined to drive expected module prices down in Ontario. By the second half of 2011, module supply constraints will be eliminated, the report said.

With around 2,450 MW of existing solar contracts, Ontario’s PV market will "experience strong growth from 2011-2012," the report said. After 2013, the market will "shrink significantly in response to ratepayer concerns, transmission constraints and the limited size of Ontario’s electricity market."

Domestic content requirements restrict the amount of equipment that is available to developers in Ontario. Though there has been concern that development would be limited by supply shortages, it is now most likely sufficient supply will be available to meet demand from 2011 to 2015. Of the more than 30 module manufacturers ClearSky Advisors has been tracking, 17 to 24 are likely to produce DCR-compliant modules in 2011. Increasing volumes of module supply continue to become available.

Delayed utility-scale development will enable module supply to exceed demand by the third quarter of 2011. Large inverter manufacturers with flexible capacity will be able to fully serve Ontario’s FIT market from 2011-2015.

The report said the foremost concerns of Ontario PV market participants are political and regulatory uncertainty due to three main factors: continual changes and delays in Ontario’s FIT program,a FIT program review scheduled for 2011 and a provincial election slated for the fall of 2011.

"All of this uncertainty has combined to make Ontario a challenging market in which to operate," the report said. Long-term planning is "exceedingly difficult" for any business participating in Ontario’s FIT program. A number of manufacturers have delayed investment in the province either by entering the market cautiously and waiting for more stability before expanding or by avoiding the market altogether. "Uncertainty means risk," the report said. "This has made project financing more expensive and harder to come by."

Read more news and features on renewable energy.

Sponsored by FLSmidth
Related Articles

Cape Wind secures $400M more in financing for offshore project

Cape Wind said it has secured an additional $400 million dollars from several financial institutions for the offshore wind project slated to be built in Nantucket Sound.

Dragonfly Solar, SolarWorld to deliver solar power to utility co-ops

Commercial solar developer, Dragonfly Solar and SolarWorld, a solar manufacturer, will deliver solar arrays, totaling 517-kW to four electric utility cooperatives in the U.S. Midwest.

Follow Power Engineering on Twitter
Latest News

FPL plans to add new 1,600-MW combined-cycle gas power plant

NextEra Energy (NYSE:NEE) utility Florida Power & Light (FPL) said July 2 that it plans t...

Valley NG retires 1,069 MW of gas-fired steam capacity in Texas

Valley NG Power Co. LLC on July 2 asked the Public Utility Commission of Texas to let it drop...

SunEdison, Gamesa sign MOU to develop 1 GW of wind power

SunEdison (NYSE: SUNE) and Gamesa (BME: GAM) have signed a Memorandum of Understanding (MOU) ...

Dominion looks to SCC to approve Greensville Power Station

Dominion Virginia Power (NYSE:D) asked the Virginia State Corporate Commission (SCC) for...

SunEdison begins construction at wind energy project in Maine

SunEdison (NYSE: SUNE) secured financing for and started construction on the 185-MW Bingham W...

PNM files ownership plan, coal supply deal with regulators

New Mexico's largest electric provider says it's on track to meeting a deadline for submittin...

Oklahoma attorney general challenges EPA's clean-air plan

A plan by the U.S. Environmental Protection Agency to reduce emissions from coal-fired power ...

Wave Energy Week will mix marine energy developers with traditional hydropower

Oregon Gov. Kate Brown, Democrat, has proclaimed “July 13-17, 2015 to be Oregon Wave Week in ...
Power Engineering Current Issue
03/01/2015
Volume 119, Issue 3
1503pe-cover
Products Showcase
Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015

Power Industry Wire News

Pure Cycle Corporation Announces Fourth Amendment to Purchase and Sale Agreement and Expiration of Initial Due Diligence Period

Pure Cycle Corporation Announces Fourth Amendment to Purchase and Sale Agreement and Ex...

Ideal Power Receives 5 MW of Orders for Its 30kW and 125kW Power Conversion Systems

Ideal Power Receives 5 MW of Orders for Its 30kW and 125kW Power Conversion Systems

Eureka Hunter Announces New Record Throughput Volumes of ~700,000 MMBtu Per Day

Eureka Hunter Announces New Record Throughput Volumes of ~700,000 MMBtu Per Day

Magellan Announces Formation of Special Committee to Review Strategic Alternatives

Magellan Announces Formation of Special Committee to Review Strategic Alternatives

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>