Renewable Energy Co.
Case: Renewable Energy Co.
1. Introduction
Two MBA graduates, Bryan Large and Hans Berkeley who wanted to start up their own business and also do something good for the society and environment came up with the issue of Energy crisis for the future in Ontario. So they wanted to establish a renewable energy firm which could be helpful in sourcing energy with less issues and challenges. After a thorough discussion with the Industry experts in Canada and Ontario they began their debates onto which energy source they wanted to stick upon.
1.1. Problem
As stated by Dave Goulding, the president and CEO of the Independent Electricity Supply Operator Electricity supply mix in Ontario were outdated and an addition capacity of 15,000 MW of new or partially refurbished electricity was needed by 2021. And the Ontario Ministry wanted a significant part of it through renewable energy source only.
1.2. Case Data
Renewable Energy Standard Offer Program (RESOP), which was announced by Ontario Power Authority is the first feed in tariff for North America. The offer specifications were $0.11 per kilowatt hour (kWh) as a base rate and an additional $0.0352 per kWh during peak hours. Approximately 2000 peak hours out of 8760 hours of a year were considered as peak hours. But there was an exception to these rates with the consideration of solar photo voltaic energy which paid $0.42 per kWh with no premium for peak hour production. In addition to RESOP the Canadian government also offered an incentive through ecoENERGY for Renewable Power program which offered an additional $0.1 per kWh to qualifying projects. Some of them which qualified were solar photovoltaic, solar thermal, small low-impact hydro power, wind, biomass and biogas.
Table 1.1.A. Net Generation from Renewable Sources: Total (All Sectors), 2003-November 2013 http://www.eia.gov/electricity/monthly/epm_table_grapher.cfm?t=epmt_1_1_a 2. Renewable Energy Sources as Alternative Solution
The problem requires an
1. Introduction
Two MBA graduates, Bryan Large and Hans Berkeley who wanted to start up their own business and also do something good for the society and environment came up with the issue of Energy crisis for the future in Ontario. So they wanted to establish a renewable energy firm which could be helpful in sourcing energy with less issues and challenges. After a thorough discussion with the Industry experts in Canada and Ontario they began their debates onto which energy source they wanted to stick upon.
1.1. Problem
As stated by Dave Goulding, the president and CEO of the Independent Electricity Supply Operator Electricity supply mix in Ontario were outdated and an addition capacity of 15,000 MW of new or partially refurbished electricity was needed by 2021. And the Ontario Ministry wanted a significant part of it through renewable energy source only.
1.2. Case Data
Renewable Energy Standard Offer Program (RESOP), which was announced by Ontario Power Authority is the first feed in tariff for North America. The offer specifications were $0.11 per kilowatt hour (kWh) as a base rate and an additional $0.0352 per kWh during peak hours. Approximately 2000 peak hours out of 8760 hours of a year were considered as peak hours. But there was an exception to these rates with the consideration of solar photo voltaic energy which paid $0.42 per kWh with no premium for peak hour production. In addition to RESOP the Canadian government also offered an incentive through ecoENERGY for Renewable Power program which offered an additional $0.1 per kWh to qualifying projects. Some of them which qualified were solar photovoltaic, solar thermal, small low-impact hydro power, wind, biomass and biogas.
Table 1.1.A. Net Generation from Renewable Sources: Total (All Sectors), 2003-November 2013 http://www.eia.gov/electricity/monthly/epm_table_grapher.cfm?t=epmt_1_1_a 2. Renewable Energy Sources as Alternative Solution
The problem requires an
References: 1. Renewable Energy 's Sixty Years Of Broken Dreams, But Keep Those Ideas Coming http://www.forbes.com/sites/bruceupbin/2011/11/22/renewable-energys-sixty-years-of-broken-dreams-but-keep-those-ideas-coming/ 2. Table 1.1.A. Net Generation from Renewable Sources: Total (All Sectors), 2003-November 2013 http://www.eia.gov/electricity/monthly/epm_table_grapher.cfm?t=epmt_1_1_a