On March 10, 2016, the Ontario Independent Electricity System
Operator (IESO) announced the selected proponents and projects
for Phase I of the Large Renewable Procurement (LRP) process.
As we explained in an earlier
post, the LRP is a competitive process to procure large
renewable generation projects larger than 500kW. Applicants in
Phase I of the LRP were required to provide project-specific
proposals including full details about the project, including
evidence of meaningful community engagement with municipalities,
Aboriginal communities and other groups. Targets for Phase I
included up to 300 MW of wind, 140 MW of solar, 50 MW of bioenergy
and 75 MW of waterpower.
According to the recent announcement, the IESO received and evaluated
103 proposals in response to the LRP I RFP and has offered 16 LRP I
contracts to successful proponents. The 16 contracts offered total
500 MW of renewable energy capacity, as follows:
5 wind contracts totaling 299.5 MW, with a weighted average
price of $85.94/MWh;
7 solar contracts totaling 139.885 MW, with a weighted average
price of $156.67/MWh; and
4 hydroelectric contracts totaling 15.5 MW, with a weighted
average price of $175.92/MWh.
The IESO indicates that 13 projects (totaling 336.8 MW) include
participation from one or more Aboriginal communities, including
five with more than 50 percent Aboriginal participation. The IESO
also notes that more than 75 percent of the successful proposals
had received support from local municipalities, and more than 60
percent had support from abutting landowners.
The full list of successful proponents and projects can be found
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The Government of Alberta recently announced a number of policy changes that will impact the Alberta Electricity Market, composed of its generators, transmitters, distributors, retailers, electricity consumers and wholesale electricity market.
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