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Northland Power 2013 [7] Belmont Ontario: 20 Alterra, GE Energy: 2013 [8] [9] Burk's Falls East Solar Project Ontario: Armour 10 Northland Power 2013 [10] Burk's Falls West Solar Project Ontario: Ryerson 10 Northland Power 2014 [11] Crosby Solar Project Ontario
According to energyinfomative.org, the average cost for a residential solar system is between $15,000 and $40,000 (USD), and about $7 per watt. [11] In the article, it says that at today's rates, it would take 10 years to pay off an average system. As a solar panel may last more than 20 years, [12] in the end, it becomes a benefit.
With the introduction of a Feed-in tariff (FIT) in 2009, Ontario became a global leader for solar energy projects. The program was the first of its kind in North America. [citation needed] Thanks to the FIT program, Ontario was the home of what was temporarily the largest solar farm in the world (in October 2010) until surpassed by larger farms in China and India.
The cost of a electricity production depends on costs during the expected lifetime of the generator and the amount of electricity the generator is expected to produce over its lifetime. The levelized cost of electricity (LCOE) is the average cost in currency per energy unit, for example, EUR per kilowatt-hour or AUD per megawatt-hour. [3]
In December 2009, Katoen Natie announced that they would install 800,000 m 2 of solar panels in various places, including Antwerp. [81] It is expected that the installed solar power in the Flemish region will be increased by 25% when finished, [81] resulting in the largest installation in Europe., [81] the total cost being 166 million euros. [82]
The U.S.-company First Solar, a leading manufacturer of CdTe, built several of the world's largest solar power stations, such as the Desert Sunlight Solar Farm and Topaz Solar Farm, both in the Californian desert with 550 MW capacity each, as well as the 102 MW AC Nyngan Solar Plant in Australia (the largest PV power station in the Southern ...
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