The FIT price schedule includes provisions for projects that have different levels of equity ownership by community-based proponents. This means that, depending on the level of equity ownership, community-based projects will receive a price "adder" in addition to the FIT contract price.
The following table shows the maximum level of the community price adder that a project could receive in addition to the contract price:
|
Community price adder |
||||||
|
Renewable Fuel |
Wind |
Solar PV (ground-mounted) |
Water |
Biogas |
Biomass |
Landfill Gas |
|
Maximum community price adder (¢/kWh) |
1.0 |
1.0 |
0.6 |
0.4 |
0.4 |
0.4 |
*Rooftop solar PV projects are not eligible for a community price adder.
Community-based projects will receive a price adder in proportion to the percentage of equity ownership by the community group.
For example:
|
50 to 100 percent control |
eligible for the full price adder |
|
40 to 49 percent control |
eligible for 80 to 98 percent of the price adder |
|
25 to 39 percent control |
eligible for 50 to 78 percent of the price adder |
|
10 to 24 percent control |
eligible for 20 to 48 percent of the price adder |
(10 percent is the minimum level required)
The following examples are provided for illustrative purposes:
The calculation is as follows:
Aboriginal portion: 30 percent x 1.5 cents/kWh = .45 cents/kWh
Community portion: 30 percent x 1.0 cents/kWh = .30 cents/kWh
Total adder: 0.75 cents/kWh