Ontario PV Market Approaches Peak

Key trends in this Market Brief include:

• Sparked by attractive feed-in tariff (FIT) prices and a 2018 target calling for 10.7 GW of non-hydro renewable power, the solar PV pipeline represents 41% of all non-hydro renewable power projects planned or under development.
• Responding to the 60% local content requirement for solar projects, global PV component manufacturers quickly flooded the Ontario market.
• Transmission interconnection is expected to pose a significant barrier to continued solar growth.