Dallas, October 19, 2011 — The Ontario Clean Technology Alliance announced at Solar Power International in Dallas this week that Ontario is experiencing a clean technology revolution. Last year, Canada’s largest province installed 168 megawatts of solar photovoltaic capacity, surpassing New Jersey as the second leading North American jurisdiction for new solar projects during 2010, the Alliance said.
Ontario has attracted more than C$20 billion (US$19.5 billion) in renewable energy investment commitments since it launched its feed-in-tariff (FIT) program two years ago. The largest single commitment is a C$7 billion investment by South Korea’s Samsung C&T Corp.
The Alliance said Ontario is home to 110 head offices of clean technology companies that are predominantly engaged in the development and marketing and/or use of their own proprietary technology to deliver products or services that reduce or eliminate negative environmental impacts. Sustainable Development Technology Canada projects that by 2015, these Ontario clean technology companies will generate revenues in excess of C$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.