{"id":127109,"date":"2022-12-08T07:49:14","date_gmt":"2022-12-08T12:49:14","guid":{"rendered":"https:\/\/doppleronline.ca\/rwddev\/?p=127109"},"modified":"2022-12-08T07:49:17","modified_gmt":"2022-12-08T12:49:17","slug":"province-boosts-investor-confidence-in-the-waterpower-industry","status":"publish","type":"post","link":"https:\/\/doppleronline.ca\/huntsville\/province-boosts-investor-confidence-in-the-waterpower-industry\/","title":{"rendered":"Province boosts investor confidence in the waterpower industry\u00a0"},"content":{"rendered":"\n<p><\/p>\n\n\n<div style=\"float: left; margin-right: 14px;\"><strong><broadstreet-zone zone-id=\"45658\" keywords=\"\" soft-keywords=\"true\" zone-alias=\"\"><\/broadstreet-zone><\/strong><\/div>\n\n\n\n<p>The Ontario Waterpower Association has announced that it met with Minister of Natural Resources and Forestry Graydon Smith and officials from the Village of South River as well as representatives from the South River Power Generation Corporation to celebrate a modernized waterpower lease agreement for operations on Crown Lands.<\/p>\n\n\n\n<p>&#8220;The OWA is extremely pleased with this initiative as it provides long-term investment certainty for these perpetual facilities,&#8221; it stated. <\/p>\n\n\n\n<p>\u201cOntario is thrilled to be making this important step in collaboration with the Ontario Waterpower Association,\u201d said Smith \u201cThis new, updated framework creates a clear path forward for waterpower companies across the province to reduce administrative burden, provide greater certainty to industry, and to help build Ontario.\u201d<\/p>\n\n\n\n<p>\u201cThe Village of South [River] is very proud of our green energy investments. These projects can be complex requiring detailed work and cooperation on many levels. This agreement is an example of that work and cooperation,\u201d said Mayor Jim Coleman. \u201cThe Village appreciates all the efforts of the Ontario Waterpower Association, the Ministry of Natural Resources and Forestry, and the South River Power Generation Corporation to make this happen.\u201d<\/p>\n\n\n\n<p>Waterpower lease agreements are tenures under the Public Lands Act governing the use of Crown Land for waterpower development and operation and provide the foundation for the landlord-tenant relationship between the Province and the industry. The previous generic leader agreement was developed in 2001 to reflect the commercialization of Ontario\u2019s electricity sector. There have been a number of legislative, regulatory and policy advancements over the last two decades and the modernized framework has been designed to incorporate these changes.<\/p>\n\n\n\n<p>\u201cThis new leasehold tenure not only provides added certainty for asset owners but it also reduces regulatory burden and the duplication of approvals,\u201d said Paul Norris, OWA president. \u201cThe OWA would like to recognize the efforts of both its members and the Ministry staff who worked collaboratively to develop this revised framework.&#8221;<\/p>\n\n\n\n<p>There are 224 waterpower facilities in the province of Ontario and affordable, reliable, and sustainable energy to the province. The vast majority of these facilities are on provincial Crown land and have been in continuous service for decades and many for more than a century. Ontario has an estimated 4,500 \u2013 5,000 megawatt of untapped waterpower potential \u2013 the realization of which will be key to addressing the province\u2019s emergent and enduring electricity needs, according to the OWA.<\/p>\n\n\n<h5 style=\"text-align: center;\">Don\u2019t miss out on Doppler!<\/h5>\n<p style=\"text-align: center;\"><strong>Sign up <a href=\"https:\/\/doppleronline.ca\/huntsville\/dont-miss-out-on-doppler\/\"><u>here<\/u><\/a> to receive our email digest with links to our most recent stories.<br \/>\nLocal news in your inbox so you don&#8217;t miss anything!<\/strong><\/p>\n<p style=\"text-align: center;\"><a style=\"background: #5cb85c url('https:\/\/d1iczxrky3cnb2.cloudfront.net\/red_logo.png') no-repeat 37px; color: #fff; text-decoration: none; font-family: Verdana,sans-serif; display: inline-block; font-size: 16px; padding: 15px 38px; padding-left: 75px; -webkit-border-radius: 2px; -moz-border-radius: 2px; border-radius: 2px; box-shadow: 0 1px 0 0 #1f5a89; text-shadow: 0 1px rgba(0, 0, 0, 0.3);\" href=\"https:\/\/donorbox.org\/support-huntsville-doppler\">Click here to support local news<\/a><\/p>\n<p style=\"text-align: center;\"><broadstreet-zone zone-id=\"45657\" keywords=\"\" soft-keywords=\"true\" zone-alias=\"\"><\/broadstreet-zone>\n\n\n\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ontario Waterpower Association has announced that it met with Minister of Natural Resources and Forestry Graydon Smith and officials from the Village of South River as well as representatives [&#8230;]<\/p>\n","protected":false},"author":15,"featured_media":127486,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1188],"tags":[],"class_list":["post-127109","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.8 - 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