Skypower Solar to Ontario: “Give us more money or we’ll sue you”!

Posted: July 13, 2012 in Uncategorized

This one is “rich”!

Skypower Wind developer back in the day went bankrupt after one of their backers went bankrupt; remember Lehman Brothers?; and then “morphed” into Skypower Solar so that business could continue within the McGuinty Green Energy Act “free-for all” money game that was created, labelled “Feed In Tariff”, that has “hosed” Ontario electrical consumers so badly that many across this Province find they can’t afford a once very affordable and necessary service!

Skypower Wind division was not a “lilly white” good neighbour in corporate tactics back then, and was instrumental in tying up massive leases across Ontario for future wind development even though they never built one single Wind Farm during their tenure.

Now their Solar Division is claiming “foul” and is suing the Provincial Government (you and me) for $100,000,000.00 because the FIT rules have been re-written and Skypower along with all the other Solar developers in Ontario won’t be cashing in on the previous rates of return on their investments because the prices offered by McGuinty through George Smitherman were so obscene (.80 cents per Kwh even though the cost of conventional electricity is only .026 cents per kwh) that the Governemnt re-wrote to stay in pwoer.

Of course Skypower Wind has nothing to do with Skypower Solar and one would not want to “muddy the waters” with linking the two together at this point even though Kerry Adler of the Wind Division is still in charge of the Solar division, so that’s all right then.

Warned for years by concerned citizens in Rural Ontario that this Green Energy Agenda is not only destructive to land, homes, health and wildlife it would also cause massive financial hardships for all involved……..apparently those warnings are now becoming reality!

TORONTO, July 13, 2012 /CNW/ – Thursday afternoon, on behalf of the SkyPower group of companies (“SkyPower”), Gilbert’s LLP and Lenczner Slaght Royce Smith Griffin LLP issued an Application for Judicial Review in the Ontario Superior Court of Justice against the Minister of Energy and the Ontario Power Authority (“OPA”). SkyPower also notified the Minister and the OPA of a claim for damages in excess of $100 million. The application concerns the Minister’s recent Directives to fundamentally change the Feed-in-Tariff (“FIT”) Program, retroactively affecting existing applications for FIT contracts that had previously been deemed complete and eligible by the OPA. The FIT Program, which is designed to provide incentives for renewable energy infrastructure, is a cornerstone of Ontario’s renewable energy program. The Application for Judicial Review asks the Court for, among other things, an order that the OPA has a legal duty to process in good faith applications to the FIT Program that were submitted in accordance with the existing FIT rules. SkyPower is Canada’s largest owner and developer of solar energy projects

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Comments
  1. Reg says:

    Kerry Adler leaves a trail of broken promises and dashed dreams in his wake wherever and whatever he is involved with. He’s a real green advocate… I bet his Hummer, Porsche or Mercedes (yes, he has all three) don’t run on wind or solar… Over the last 13 years Mr. Adler started up Wethelp, an indian call center company which went bust after blowing through $300 million in venture cap, then Skypower Wind went bust leaving trust unit investors with nothing. Now it’s Skypower Solar. A real visionary…just sayin.

  2. Mike Ray says:

    What a one sided attempt to distort the minds of Ontario tax payers. To the author, you best check your facts. Skypower along with many other renewable energy developers in Ontario were duped by the Liberal’s OPA, by promises to process applications for solar projects, thats cost investors 10’s of millions to prepare. Upon submission, they were never reviewed and the OPA took fat deposits from us, only to let them sit and rot while McGuinty tried to figure out how he was going to squirm out of his commitments. I’m not here to argue if the FIT rates were too high, or too low, my point is our government made a strong promise to attract investors and then after the money came, never moved forward. I’m one of those people. I lost my house and entire savings based on McGuinty’s word, after starting a company that employed 12 people. If I had anything left, I’d due them too. Thank you Skypower for having the gutts to try to stand up to these liars. Only wish I could take my vote back. They sure got one up on me, but not next time.

  3. Anonymous says:

    What a one sided attempt to distort the minds of Ontario tax payers. To the author, you best check your facts. Skypower along with many other renewable energy developers in Ontario were duped by the Liberal’s OPA, by promises to process applications for solar projects, thats cost investors 10’s of millions to prepare. Upon submission, they were never reviewed and the OPA took fat deposits from us, only to let them sit and rot while McGuinty tried to figure out how he was going to squirm out of his commitments. I’m not here to argue if the FIT rates were too high, or too low, my point is our government made a strong promise to attract investors and then after the money came, never moved forward. I’m one of those people. I lost my house and entire savings based on McGuinty’s word, after starting a company that employed 12 people. If I had anything left, I’d due them too. Thank you Skypower for having the gutts to try to stand up to these liars. Only wish I could take my vote back. They sure got one up on me, but not next time.

  4. […] Skypower here in Ontario just last week threatened to sue Ontario citizens with massive lawsuits if the Government didn’t give them approval on their Solar applications which they have applied for to reap the massive profits through Ontario’s Feed In Tariff Program McGuinty has established against the wishes of his electorate! […]

  5. Michael says:

    They are not suing in regards the rates, you have that wrong. They do not like that ground mount solar cannot be on residential zoning or abutting residential zoning amongst other things making their projects not able to qualify for any type of rate whats so ever. Kills most of their applications mid stream and then unable to flip projects. Most of the foreign companies are pissed that the new rules make the program favor Ontarians as opposed to just money interests. Good riddance to them.

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