Ontario's 2,125 MW of signed contracts for new wind energy developments represents a multibillion-dollar economic opportunity for the province and a chance to create thousands of jobs, according to a study commissioned by the Canadian Wind Energy Association (CanWEA).
The study, which was performed by ClearSky Advisors and will be released at the end of this month, shows that meeting the wind energy targets identified under the province's Long Term Energy Plan (LTEP) would result in billions of dollars of private-sector investment in the province and the creation of more than 80,000 person-years of employment between now and 2018.
‘An ambitious vision for wind energy development and a stable policy environment is critical to ensure we fully capture Ontario's wind energy opportunity,’ says Robert Hornung, president of CanWEA. ‘This industry is right now driving much-needed job creation in places like Windsor and Niagara while reinvigorating this province's proud manufacturing tradition. We must continue to build on successes to date.’
In addition to 2,125 MW of signed contracts currently in place, applications have been made for an additional 6,672 MW of wind energy development in Ontario, according to CanWEA.