Ontario FIT rooftops may top 200,000 in 2 years

Kelly Rumble, Founder, CEO, and President of Rumble Energy in Toronto, predicts that the new feed-in tariff instituted by the Ontario Power Authority (OPA) assisted by the Province of Ontario's Green Energy Act (GEA) may lead to the deployment of "200,000 rooftop installations in two or three years," or less. Mr. Rumble spoke this afternoon with Etopia News and said that the new renewable energy law, drafted and administered by the OPA, has "expanded 1000%" the business his firm is doing in this space.

Rumble Energy, said its founder, "is a family firm based on integrity that's been in the renewable energy business for seven years." During the interview, Mr. Rumble explained the basics of the Green Energy Act and the feed-in tariff that it is using to expand renewable energy deployment in Canada's largest province.

The OPA establishes a MicroFIT program that pays developers Cnd$80.2 Canadian cents per kilowatt-hour for solar power electricity generated under 10 kW's either rooftop or ground-based. The procedure for getting a MicroFIT contract from the OPA, Mr. Rumble explained, is done completely online and takes between 30 and 60 days.

Rumble Energy is now aggregating leases of rooftop space, principally on commercial properties, with a view to building solar PV systems on the order of 300 kW in these locations. Rumble Energy will oversee the construction of these systems by local contractors, undertake to maintain them, and retain a minority interest in their ownership, majority ownership residing with outside investors.

For more information, or to contact Rumble Energy, go to: http://www.Rumble-energy.com.

Tom Rand at MaRS previews the Green Energy Act Finance Forum

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Tom Rand, Practice Lead, Cleantech and Physical Science Venture Group, MaRS, talks about the January