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ARTICLE · 18 SEPTEMBER 2012

The FIT 2.0 Rules And Contract Released By The Ontario Power Authority

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On August 10, 2012, the Ontario Power Authority ("OPA") issued the new Feed-in-Tariff Program rules ("FIT 2.0 Rules") and contract ("FIT 2.0 Contract").

CanadaEnergy and Natural Resources
Anna Naud
Anna Naud
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On August 10, 2012, the Ontario Power Authority ("OPA") issued the new Feed-in-Tariff Program rules ("FIT 2.0 Rules") and contract ("FIT 2.0 Contract").1 Version 2.0 of the FIT Program was implemented pursuant to Directions issued by the Minister of Energy dated April 5, 2012 and July 11, 2012 supplementing the Direction previously issued by the Minister of Energy and Infrastructure dated September 24, 2009. The final FIT 2.0 Rules and Contract replace the draft FIT 2.0 Rules and Contract released in April 2012 for comment (the "Draft 2.0 Rules and Contract").

The Ontario government is affirming, through the FIT 2.0 Rules and Contract, that it wishes the FIT Program to continue. But the changes to FIT 2.0 Rules and Contract may pose significant challenges to project developers and financing parties.

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