The Business Case for Alternative Technologies in Ontario
The Business Case for Alternative Energy Technologies in Ontario report articulates, in simple terms, the financial case for specific renewable technologies and target audiences in Ontario. With the new Feed-in-Tariffs (FIT) under development by Ontario Power Authority, the business case for wind and solar will change significantly. Once the FITs have been approved we will update their business cases.
One of the biggest barriers to adopting renewable energy has been the scarcity of good business cases. The rationale for using renewable energy has generally been dominated by the argument that "it's the right thing to do" because it helps to reduce greenhouse gas emissions.
In recent years the situation has changed. Advancements in renewable energy technology; the rising costs of oil, gas and electricity; incentives; standard offer contracts for renewable electricity; emissions trading markets; and the desire of corporations to associate themselves with " green" as a means to attract and retain customers are all transforming the business case for renewables.
The purpose of the report is to develop a better understanding of the economic benefits of renewable energy and disseminate that knowledge to the marketplace. The project considers business cases for five target audiences: homeowner, commercial, small to medium business, institutional, and investor. The specific renewable energy technologies studied are: solar PV; ground source heat pumps (GSHP); solar thermal - air and water; and wind.
This project is a research partnership between the Toronto and Region Conservation Authority and the University of Toronto. It was supported by Peel Region and the Citizens Bank.
Download the Business Case for Alternative Energy Technologies in Ontario report .
For more information, contact:Bernie McIntyreToronto and Region Conservation416-661-6600 ext 5326