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Green Energy Act Finance Forum: Taking cleantech to Bay Street

February 8, 2010

GEAFF - Green Energy Finance Forum

Outcomes of the Green Energy Finance Forum

Last Friday saw an extraordinary number of Ontario’s financiers in the MaRS auditorium. Why? The Green Energy Act has brought into being an entirely new class of financial asset: financing Feed-in Tariff based renewable energy projects. In easy terms: the FIT guarantees a good rate of return for wind, solar, hydro and biogas projects. It’s like a government guaranteed bond that pays upward of 10%.

On Friday, MaRS was educating Bay Street about the opportunity. The message: renewable energy projects are no longer a fringe play; they’re a strong, mainstream finance opportunity.

The Green Energy Act puts Ontario on the map when it comes to cleantech, big-time. And MaRS provided the stage for the first real discussion within the financial community about the opportunities it opens up. The objective? To accelerate the flow of large capital into the sector.

The stage was packed with the who’s who of renewable project finance:

Even Premier McGuinty dropped by. Many of the presentations that day are available online.

My message to the crowd? The Feed-In Tariff is just the beginning of the biggest infrastructure play in human history: our transition to a low-carbon economy. For financial institutions who play it smart and develop a strong internal capacity for understanding how to finance that transition, the FIT will be the start of an on-going strategic advantage.

The event was sold out and the room was still packed at the end of the day. The presentations were smart, the audience interested. This just might be the start of Bay Street getting serious about cleantech.

My thanks to all those MaRSians who help make the event a success!

If you missed it, there’s still a chance to catch the videos on Green Energy Finance Forum TV:

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  • http://twitter.com/ttang_ Tim Tang

    Here’s a compilation of federal and provincial funding sources, both private and public, which are suitable for Ontario companies:nnhttp://bit.ly/7frAST

  • http://twitter.com/ttang_ Tim

    Here’s a compilation of federal and provincial funding sources, both private and public, which are suitable for Ontario companies:

    http://bit.ly/7frAST

  • http://twitter.com/ttang_ Tim Tang

    Here's a compilation of federal and provincial funding sources, both private and public, which are suitable for Ontario companies:http://bit.ly/7frAST

  • http://www.dreamlinefunding.com/ small business financing US

    The article is about Green Energy Act which brought into entirely new class of financial asset that is financing Feed-in Tariff based renewable energy projects main features of wind, solar, hydro and biogas projects. The article is good.Thanks

  • http://www.dreamlinefunding.com/ small business financing US

    The article is about Green Energy Act which brought into entirely new class of financial asset that is financing Feed-in Tariff based renewable energy projects main features of wind, solar, hydro and biogas projects. The article is good.Thanks

  • small business financing US

    The article is about Green Energy Act which brought into entirely new class of financial asset that is financing Feed-in Tariff based renewable energy projects main features of wind, solar, hydro and biogas projects. The article is good.Thanks

  • Jessie

    This is great, this article will surely help millions of people who are thinking of green energy, helping them with new class of financial asset.

Tom Rand @ MaRS

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Tom leads MaRS' role in the Canadian cleantech ecosystem and works with our Advisory Services group to support our growing portfolio of cleantech ventures.

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