We will attempt to obtain another FIT contract and extend the lease. If another FIT contract cannot be obtained the lease contains provisions to extend the lease if another “arrangement” can be found. The term other arrangement is loosely defined in the lease as it is uncertain what arrangements or programs may be present 40 … Read more
The original term of the lease is for 40 years to match the FIT contract term of 40 years. The lease has several provisions which allow the lease term to be extended if another FIT contract can be obtained or if another arrangement or mechanism can be found.
The lease is registered on the title to the property. Therefore the new owner of your property will become the lessor, and will receive the lease payments.
Situation A) Your site is developed with GreenBug as the leasor. This means GreenBug owns 100% of the installation.In this case, generally your lease is unaffected. We believe any successor organization would want to continue to operate the system in order to generate income and pay your share to you. Situation B) Your site is … Read more
No your property taxes will not go up. In Ontario, Any water power installation does not affect property taxes. Hydro-electric generating stations are not subject to property tax. In its place, they are subject to a provincial Gross Revenue Charge (GRC), based on the gross revenue (regulated rate) and actual generation of the facility. For … Read more
Hydropower systems can provide a reliable source of electricity all year around, though generation is usually higher in winter than summer. This makes hydropower a relatively predictable source of renewable energy. There are thousands of potential sites for new small-scale hydropower schemes. Together these could generate useful amounts of electricity, with minimal environmental impact, provided … Read more
Hydropower schemes harness the energy from flowing water to generate electricity, using a turbine or other device. The volume of flowing water and the height it falls determines how much electricity can be generated.
Screw generators can be used almost anywhere there is between 1 meter and 10 meters of water drop and from about 100 liters per second to 10,000 liters per second flow rate. This includes: [fancy_list style=”arrow_list”] small low head dams that exist for irrigation, drinking water reservoirs, recreational & flood control processes. replacement of older … Read more
There has been a lot of publicity around wind and solar power, but not much on water power. But water power has been around for a long time. Water power runs 24 hours a day, every day. Whereas wind and solar are “hope” power. You “hope” the sun shines and you “hope” the wind blows. … Read more
No, we are not a charity, we are a for profit corporation. We don’t accept donations.