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.
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