IESO announces results of competitive bids for large renewable projects
March 10, 2016
The IESO released today the list of 16 contracts that have been offered under the Large Renewable Procurement (LRP), a competitive process for procuring large renewable energy projects generally greater than 500 kilowatts. These contracts represent 454.885 MW of energy capacity and contributes to the province's renewable energy targets.
The results include:
- five wind contracts totalling 299.5 MW, with a weighted average price of 8.59 cents/kWh;
- seven solar contracts totalling 139.885 MW, with a weighted average price of 15.67 cents/kWh; and
- four hydroelectric contracts totalling 15.5 MW, with a weighted average price of 17.59 cents/kWh.
Of these, more than 80 per cent or 13 projects (336.8 MW) include participation from one or more Aboriginal communities, including five with more than 50 per cent Aboriginal participation. Additionally, more than 75 per cent of the successful proposals had received support from local municipalities, and more than 60 per cent had support from abutting landowners.
More information is available here.