The risk seemed non-existent…
He had been given a conditional offer by the Ontario Power Authority under a plan proposed and backed by the Ontario government.
So Aukema borrowed $85,000 rather than cashing in part of his modest RRSP and paid for the project and the electrical work needed to hook [his solar panels] to the grid.
Then he waited.
Oops. “The growing nightmare of McGuinty’s green-energy dream”
[T]he Ontario Liberal Government used Friday’s wall-to-wall coverage of Egypt’s revolution to announce yet another climbdown from its vaunted green-energy schemes. About the only thing left of Premier Dalton McGuinty’s obsession with converting his province from carbon energy to wind, solar, hydro and biofuels is sharply higher consumer energy prices. Higher power rates will be with Ontarians for decades after Mr. McGuinty’s green dreams have faded from memory.
Now is the time at SDA when we tried to warn you!
Wind has less than 1/10th the energy density of wood, wood half the density of coal and coal half the density of octane. Altogether they differ by a factor of about 50. Nuclear has 2 million times the energy density of gasoline. It is hard to fathom this in light of our previous experience. Yet our energy future largely depends on grasping the significance of this differential.
Think where we might be today if energy policy were less Magic Wand Suzuki and more Small Dead Animals? Now, if only some sort of technology existed that could carry information from Ontario (or Australia) to our own provincial energy minister.
h/t Maz2