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ARTICLE · 21 AUGUST 2012

FIT 2.0 Contract Finalized

Stikeman Elliott LLP
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Following the draft feed-in-tariff (FIT) contract released on April 5, 2012, the Ontario Power Authority released the final form of the new FIT contract on August 10, 2012.

CanadaEnergy and Natural Resources
Stikeman Elliott LLP
Stikeman Elliott LLP
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Following the draft feed-in-tariff (FIT) contract released on April 5, 2012 (our commentary on the draft is available here), the Ontario Power Authority released the final form of the new FIT contract on August 10, 2012. With this contract and the new rules released on the same day, Ontario has reformatted its FIT Program – FIT 2.0 – to give greater incentives to developments by or including aboriginal groups, community groups and education and health providers.

Applications for "small" FIT contracts, being projects which, subject to the voltage of their connection line, are under 500 kW, will be accepted between October 1, 2012 and November 30, 2012. During that period, FIT applications made under the existing FIT Program framework may transition to the new FIT 2.0 regime. For further discussion on the new FIT rules, see our blog post here.

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