TORONTO, April 1, 2016 /PRNewswire/ - Mesa Power was disappointed by the split decision of the three-member tribunal organized under the North American Free Trade Agreement ("NAFTA") not to hold the Government of Ontario accountable for conducting an unfair competition for the awarding of renewable energy contracts under the provinces feed-in tariff (FIT) program in 2011.
"While we respect the tribunal and its process, we do think they got this one wrong," said Cole Robertson of Mesa Power. "We are reviewing the decision, and the dissenting opinion, and will be evaluating our options."
Industry depends on government having transparent selection criteria, and running a fair program when choosing investment partners. That did not happen in Ontario, where the provincial government failed to conduct an open and fair bidding process.
Despite this ruling, Mesa believes that Canada-US energy cooperation continues to be important for both economies and, despite the Tribunal's decision, looks forward to doing future business in Canada.
About Mesa Power Group
Mesa Power Group, LLC., was established in 2007 to develop, finance, construct, own and operate wind and other renewable energy power projects. Mesa Power is based in Dallas, Texas.
SOURCE Mesa Power Group
Source: PR Newswire
(April 1, 2016 - 3:08 PM EDT)
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