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Post date: Oct 22, 2011 4:57:24 PM
Green Manufacturing ...Solar Wind Ontario
$20 billion in renewable energy investments power Ontario Clean Technology Alliance at SPI 2011
$20 billion in renewable energy investments power Ontario Clean Technology Alliance at SPI 2011
Ontario's growing network of renewable energy generators and for manufacturers of renewable energy products and services. Ontario has attracted more than C$20 billion (US$19.5 billion) in renewable energy investment commitments since it launched its FIT program two years ago. The largest single commitment is a C$7 billion investment by South Korea's Samsung C&T Corp.
In addition to Toronto, Windsor and Tillsonburg, where Samsung will produce solar inverters, wind turbines and blades, last month the company announced it would manufacture solar modules in London, Ontario, creating 200 new green energy jobs in that city.
Ontario clean technology companies will generate revenues in excess of $1 billion.
In addition there are more than 2,800 environmental industry companies in Ontario, generating approximately $7 billion in revenue and employing 65,000 people.
Ontario is also a North American leader in the adoption of green energy policies with its passing of the Green Energy Act in May 2009. Other targeted programs available to the alternative energy and clean technology sector include: Ontario Emerging Technologies Fund, Ontario Innovation Demonstration Fund, Ontario Power Authority Technology Development Fund, SDTC Sustainable Tech Fund, and SDTC’s NextGen Biofuels Fund. www.ontariocleantechalliance.com
source: globalsolartechnology.com
Related:
New Ontario $50 Million Smart Grid Initiative Will Launch in 2011
to Enable Research, Capital and Demonstration Projects marketwire.com
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