Greater Toronto Area (GTA)

Transcription

1 Greater Toronto Area (GTA) Renewable Energy Opportunities

2 Think Strategically, Think Toronto! 25 municipalities, including the City of Toronto and 4 regions. Surface area: 7,124 Sq. Km (2,750 sq. miles) Population: 5.9M The GTA contributes 20% of Canada s GDP, at $323 billion

3 Think Strategically, Think Toronto! Largest City-Regions in U.S. & Canada Population 20,000,000 18,000,000 16,000,000 14,000,000 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 0 New York Los Angeles Chicago Dallas GTA Philadelphia Houston Miami Source: U.S. Census Bureau, Metropolitan Statistical Areas (MSAs) 2007 Population Estimates, Statistics Canada estimates, 2007

4 Why the GTA for Renewable Energy Investment? As recently as the 1960 s, nearly 100% of Toronto s electricity was generated from hydropower - a renewable source. Fifty years later, Ontario seeks to return to a carbon-neutral model, phasing out coal power generation by To achieve this aggressive target, the amount of renewable energy production in the province must rapidly increase. Ontario s recently adopted Green Energy Act offers the necessary policy adjustments to drive the continued advancement of the renewable energy industries.

5 Green Energy Act Recently adopted by the Ontario Assembly to replace the Standard Offer Program, Ontario s Green Energy Act provides more holistic policy adjustments to drive all means of renewable energy generation. Designed to help develop a green energy economy in Ontario Induce significant renewable energy growth

6 Green Energy Act The Green Energy Act both increases renewable energy output while reducing overall energy demand. The legislation includes: Mandating energy audits prior to home sales Establishing North American leading energy efficiency standards for household appliances Greening Ontario government facilities and requiring the broader public sector to set targets for energy conservation Making energy conservation a designed purpose of the Ontario building code

7 Green Energy Act The Green Energy Act s Feed-in Tariff is modeled after the successful programs of Germany and France. Key characteristics include: No caps on project size and program size No voltage thresholds or caps Priority grid access to renewable projects Built-in inflation protection Prices to be a function of cost plus reasonable ROI Lays the ground work for smart grid technologies Allows for the proliferation of renewable energy co-ops

8 Green Energy Act Feed-in Tariffs Source: Ontario Power Authority, Proposed Feed-in Tariff Program, May 12, 2009

9 GTA: A Green Marketplace GTA s Think Green Alliance: Integrates environmental innovation into business plans of small and medium-sized businesses Measures the economic and environmental ROI Local membership organization s educational efforts have helped to decrease the carbon footprint of Toronto s venerable IT industry 69 member companies represent $160 billion of annual global revenues and over 250,000 full-time employees

10 GTA: A Green Marketplace The Partners in Project Green: A Pearson Eco-Business Zone includes nearly 30,000 acres surrounding Toronto Pearson International Airport. The zone s 12,500 businesses and 350,000 employees have a sizeable impact on the local environment. Studies are underway to: provide enhanced storm water controls increase and enhance green space promote eco-economic development

11 GTA: A Green Environment When the different national Green Building Councils established a World Green Building Council, they chose Greater Toronto for its headquarters. The WGBC s secretariat is housed in a LEED-Gold Certified building located at The Living City Campus in the York Region, just north of Toronto. Toronto Mayor, David Miller serves as the chair of the C40 Cities, an initiative of the William J. Clinton Foundation. This global consortium of municipalities seeks to address climate change from a grassroots level. World Green Building Council Headquarters

12 GTA: A Green Lifestyle The Durham Region (east of Toronto) currently produces over 30% of Ontario s electricity supply. Understanding that this model cannot be maintained long-term, a unique public-private-academic partnership has been formed through the leadership of University of Ontario Institute of Technology (UOIT) in Oshawa. The mission of the Durham Strategic Energy Alliance is to position Durham as a recognized leader in providing sustainable energy solutions. The Halton Region s (southwest of Toronto) Halton Environmental Network conducts the annual Solar Fair to raise awareness of the cost benefits of roof-mounted solar modules.

13 GTA: A Green Lifestyle The Region of Peel s 2009 Energy Matters Summit was titled The Bottom Line on Energy Management and focused on educating its citizens on energy efficiency and reducing consumption. As part of its Sustainability Strategy, the York Region has published the Guide to Greening Your Business. Whether large or small, both the cities of Toronto and Pickering (in the Durham Region) have established an Environment Office and an Office of Sustainability, respectively, to oversee and coordinate their municipality s sustainability programs.

14 Established Public Transportation System Toronto s GO Transit provides seven light rail lines reaching most of the population centers throughout the five regions and interconnecting with the different local bus systems.

15 GTA: Well-Suited for Solar kwh/m2 > Greater Toronto, Canada Munich, Germany <950 Toronto is better suited to harness the sun s energy than Munich, Germany - the solar R&D capital of the world. Map Source: METEONORM Global Radiation, Annual Mean from

16 Southern Ontario Wind Atlas Greater Toronto offers the industrial capacity of Canada s largest metropolis and is located just a few hours from some of Ontario s most optimal on-shore and off-shore wind farm sites. Wind Power 80 magl Wind Power 80 magl Source: Ontario, Ministry of Natural Resources

17 Geothermal Energy The campus of the University of Ontario Institute of Technology is home to North America's second largest geothermal well field. Capable of delivering 8 megawatts of energy, this ground-source heat recovery system heats and cools the UOIT campus buildings.

18 Hydrogen Village Based at the University of Toronto -Mississauga, the GTA s Hydrogen Village, is a public-private partnership of 41 companies, governments and institutions committed to the commercialization of hydrogen and fuel cell technologies through early deployment.

19 GTA Labor Pool: Deep and Wide With a strong tradition in automotive and aviation assembly, the GTA has the skilled workforce and required training infrastructure to meet the needs of most manufacturing and assembly operations. The GTA also has a critical mass of talented scientists, engineers, and technicians required for continued innovation in the different renewable energy sectors.

20 Training Tomorrow s s Workforce With over 225,000 students enrolled, Greater Toronto s universities and colleges provide the necessary engineering, scientific, and technical training to drive the growth of Canada s largest and most diverse economy.

21 Training Tomorrow s s Workforce Many of the GTA s young adults attend college and universities within a few hours drive of the GTA and upon graduation, often return to begin their careers.

22 Training Tomorrow s s Workforce Seneca College, in partnership with the Canadian Solar Industries Association (CanSIA), provides its students with the fundamentals of photovoltaic systems and a comprehensive understanding of related electric theory. Centennial College offers an accelerated 3-week workshop designed for anyone interested in the installation, repair and maintenance of solar thermal and solar photovoltaic (PV) systems.

23 Training Tomorrow s s Workforce Oshawa s Durham College offers a two-year Renewable Energy Technician diploma program and a one-year Energy Audit Techniques certificate program. In preparation for Ontario s increase in wind farm development, St. Lawrence College will commence the Wind Turbine Technician program this fall. Modeled after the BBZE, the German wind industry training institute, this unique co-operative program will provide hands-on field experience at Ontario s largest wind farms.

24 Training Tomorrow s s Workforce The GTA s four-year universities offer several renewable energy programs, including: The University of Ontario Institute of Technology's Thermal Energy Storage System University of Toronto Centre of Emerging Energy Technologies McMaster Institute for Energy Studies Waterloo Institute for Sustainable Energy Guelph Institute for the Environment

25 Ontario Centres of Excellence For over 20 years, Ontario has partnered with industry, colleges, universities, and research hospitals to establish six research and development hubs for technology transfer, or Centres of Excellence, including: Centre of Excellence for Energy Centre of Excellence for Earth and Environmental Technologies Centre of Excellence for Commercialization of Research

26 Diversity: a source of skilled and creative labour Over 100,000 immigrants annually 43% of all Canadian immigrants come to Toronto Retention rate after 1 year: Toronto 88%; BC 72%; Quebec 49%; Atlantic 40% 34% of immigrants have at least one university degree Over 240 ethnic groups; Over 120 languages and major dialects; Over 169 countries of origin English is the dominant mother tongue, followed by Chinese, Italian, Portuguese, Punjabi and Spanish The UN has designated Toronto the "world's most multicultural city." Source: 2006 Census, Statistics Canada

27 Proximity to North American market The GTA is within a 90-minute flight or one-day drive of 135 million people. The GTA is within a 90-minute flight or one-day drive of 135 million people.

28 Air Access Daily, non-stop flights are available from Toronto-Pearson to many major international cities: Amsterdam Brussels Munich Madrid London Los Angeles Phoenix Tokyo Beijing

29 Transparent access to all of North America Greater Toronto businesses have assured access to all 440 million people in North America s $16-trillion market. In addition to eliminating tariffs, NAFTA assures: free transport of goods free movement of staff protection of investment and intellectual property product certification Commercial border crossings usually average less than 10 minutes. Canada/U.S. Smart Border - focus on new technologies and infrastructure to improve movement of goods and services.

30 Support for Renewable Energy Ontario Sustainable Energy Association (OSEA) is an umbrella organization for advancing community power in Ontario. OSEA is one of the driving forces behind the Green Energy Act. Canadian Solar Industries Association (CanSIA) consists of individuals, companies and governments sharing an interest in the advancement of solar technology in Canada. Canadian Wind Energy Association (CWEA) is a not-for-profit trade association that promotes the appropriate development of wind energy in Canada by creating a suitable policy environment. Durham Strategic Energy Alliance (DSEA) gathers industry, academia, and government to address societal energy needs.

31 Incentives for the Renewable Energy Industry Next Generations of Jobs Fund (NGOJF) Advanced Manufacturing Investment Strategy (AMIS) Cooperative Education Tax Credit (CETC) Scientific Research & Experimental Development (SR&ED) Provides up to 15% of the total eligible costs of an approved project Eligible projects must meet thresholds of $25 million in investment or create /retain 100 jobs within five years. $500 million, multi-year repayable loan program through Ontario s Ministry of Economic Development and Trade Designed to advance leading edge technologies that will increase productivity in manufacturing Provides up to $1,000 per co-op student Tax refund for students enrolled in a recognized post secondary co-op program Federal tax credit program designed to encourage R&D in Canada that will lead to new, improved or technologically advanced products or processes. SOURCE: PwC 2009 Ontario Climate Big Table

32 Incentives for the Renewable Energy Industry Wind, Solar, Micro Hydroelectric and geothermal energy systems rebate Innovation Demonstration Fund (IDF) Program Ontario Bio-gas Systems Financial Assistance Program Rebate of retail sales tax for builders that install or expand qualifying alternative energy systems or their components in residential premises Qualifying systems must be purchased and installed before January 1, 2010; no rebate limit. Funding for companies that commercialize innovation technologies in Ontario, such as environmental, alternative energy, bio-product, hydrogen and other globally significant technologies. Grants for farmers and food processors to develop and build generating systems that turn farm and food waste into clean energy using bio-gas systems. Applications must be made by September 30, 2009 Retrofit Incentives Incentives for businesses that upgrade their buildings by investing in efficient equipment. SOURCE: PwC 2009 Ontario Climate Big Table

33 Low Corporate Taxes Federal Ontario Combined Federal & Provincial Source: PwC 2009 Ontario Budget 30 ONTARIO Florida U.S. Average New York Indiana California

34 Why Invest in the Greater Toronto Area? Sophisticated, Safe, Comfortable and Cosmopolitan Lifestyle yet affordable Cost of Living Survey 2008 Toronto Frankfurt Shanghai New York Paris Milan Zurich Tokyo London With low crime, little threat from instability or terrorism and highly developed infrastructure, Canada has the most liveable destinations in the world - voted by the Economist Intelligence Unit (EIU). Source: William M. Mercer, March 2008

35 Quality of Life Toronto ranked 15 th in the Mercer Human Resources Worldwide Quality of Life Survey. Toronto was the 2 nd highest ranking city in the Western Hemisphere. Source: Mercer Human Resources Consulting LLC, 2007

36 Considering Toronto for your next production facility? Contact the GREATER TORONTO MARKETING ALLIANCE (GTMA) The Greater Toronto Marketing Alliance (GTMA) is a not-for-profit organization that acts as the key point of contact for prospective international investors looking to expand or locate their business in the Greater Toronto Area (GTA). The GTMA: Free & confidential Is the single point of contact for the GTA advisory services in: Provides economic, sectoral & community profile information Presents the competitive business case for investing in the GTA Provides introductions to public sector officials and private companies Coordinates meeting itineraries and visitation programs Corporate legal Accounting & taxation Immigration matters Staffing and recruitment Financial services Real Estate For more information on services provided by the GTMA, please contact: THE GREATER TORONTO MARKETING ALLIANCE (GTMA) Suite Adelaide St. East, Toronto, ON M5C 3A1 Tel: Fax: Toll Free North America: Toll Free International: askus@greatertoronto.org or visit