Yesterday’s election results, favoring Premier Dalton MacGuinty’s Liberal party not only represents a sigh of relief for thousands of Ontario businesses and families (whose futures were threatened by Tim Hudak’s Conservative vows to scrap the program), but also supports the future growth and prosperity of North America’s first ambitious green energy FIT program.
Still in its infancy, the OPA’s Feed In Tariff program has placed Ontario front and center as an innovative leader in the North American Renewable Energy race. The initiative has already promoted the development of many unsurpassed, Canadian designed and manufactured technologies that are now being prepared for local consumption and global export.
Although the looming election had stifled the sector’s growth for the past several months, causing FIT reliant businesses such as solar panel and wind turbine manufacturers to be skeptical before deciding to make any further investment into the province, the election outcome is expected to have pulled the trigger on the next wave or progress, making way for these ambitious initiatives to further prove their worth.
For strategically positioned Renewable Energy stakeholders, the election not only solidifies the security of their existing employees’ jobs, but also reinforces the probability of future growth for their companies, leading to the hiring and training of thousands of more Ontarions.
OSM/SolarForm, an Ontario owned solar panel manufacturer, distributor and installer, operating out of Georgetown and Welland, is one such company. While recently signing an agreement to amalgamate with Fortera Environmental Corp. (FTE.V) listed on the Toronto Venture Stock Exchange, the Company confides that Thursday’s poll results are not only favorable for their existing employees, but also their future employees.
OSM/SolarForm Vice President, Mr. Steve Bellamy comments “Although our Company maintained 4 years of secured work pre-election, we had been holding back making any key decisions entailing the expansion of our Ontario plants and offices – ultimately leading to the potential hiring of several more local employees. The decisions involving local expansion, which will undoubtedly lead to our international expansion, will now be supported by Ontario voters’ decision to allow the Liberals’ to remain in power for another term… This not only represents great news for our corporate stakeholders, but for the province’s overall economy as a whole.”
Bellamy’s tone seems to be unanimous throughout the sector today, while Ontario Renewable Energy manufacturers and developers prepare for their next stage of green growth, while promising the next round of green collar jobs to the province – Exactly what the Liberals’ FIT program was designed to do in the first place.