Ontario Cuts Subsidies For Solar, Wind Power

Law360, New York (March 23, 2012, 6:15 PM EDT) -- Ontario officials on Thursday slashed incentives for utilities to buy renewable power, following in the footsteps of European countries that have reduced subsidies to better reflect falling costs for solar panel installers.

The province's feed-in tariff, which sets rates utilities must pay for clean power, was reduced by 20 percent for solar power and 15 percent for wind. Prices for hydro, biomass and landfill energy projects were unchanged.

The reductions are part of a two-year review of Ontario's tariff program, which was launched in 2009, and come...
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