Economic Impact of Community Energy in Ontario

Economic Impact of Community Energy in Ontario

When it comes to maximizing the economic benefits and public support for clean energy sources like wind and solar,community participation and ownership matters.

Worldwide, community owned renewable energy projects are creating a multitude of benefits in comparison to commercially developed projects, including higher job creation, stronger economic impacts and better social license to develop projects.

With the Feed-in Tariff program under Ontario’s Green Energy and Green Economy Act, community participation of renewables in Ontario has increased dramatically since 2010.

A new report by TREC Renewable Energy Co-operative and Federation of Community Power Co-operatives entitled “The Power of Community: How community-owned renewable energy can help Ontario create a powerful economic advantage”outlines the environmental, social, and economic benefits of locally owned and operated renewable power.

You can access the full report and the executive summary from the following link: http://www.trec.on.ca/report/the-power-of-community/

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