| The Energy Challenge Ontario’s Energy Need - Climate  change is an important issue facing our planet today. Governments and  concerned citizens worldwide are searching for balanced solutions that benefit  Stakeholders and the environment. The development of wind power is the fastest  growing source of renewable electricity generation.  Humans  are the most successful species on the planet, but we are using more resources  that the Earth can provide. This is leading to a depletion of Earth’s life  supporting natural capital and a buildup of waste. We are exploiting our  local ecosystem more rapidly than it can renew itself.   Between  1993 and 2003 Ontario’s electricity generating capacity fell by 6% while demand  grew by 8.5%. The province estimates that by 2025 the energy gap will have  grown to approximately 10,000 MW.  In addition, according to the Ontario  Power Authority, between now and 2025, Ontario must refurbish or replace nearly  25,000 MW of the province’s current generating capacity. This provincial mandate  calls for a higher contribution from renewable sources. By 2020 Ontario  wants 15% of its energy to come from wind which amounts to approximately 5,000  MW of generating capacity. This compares with the current contributions  by wind of only 1.3%. Currently, Ontarians spend just over CAN $7 billion  each year on electricity to power their homes. A 10% efficiency saving  would mean CAN $700 million more in the pockets of homeowners across the  province.  Gilead was founded to help fill this need and respond to the  public’s demand for more additional cleaner energy sources.  The Green Energy Act Sustaining  our planet, on May 14th, 2009 the Green Energy Act (Bill 150) was passed by the  Ontario Provincial Government at Queen's Park.  The GEA is intended to make Ontario a global  leader in the development of renewable energy, clean distributed energy, and  conservation, while creating thousands of jobs, economic prosperity and energy  security and protecting the climate.  |