On Tuesday the government of Ontario announced that it will procure 930 MW-AC of renewable energy in the second phase of its Large Renewable Process (LRP). LRP is an auction process which replaced the provinces feed-in tariff for projects larger than 500 kW.
930 MW-AC is more than double the 455 MW-AC awarded only less than a month ago under LRP phase 1, and the phase 2 Request for Qualifications will be issued by April 1. One reason for the increase in targets may be lower than expected costs.
Based on results of the first LRP, it is expected that CA$3.3 billion in LRP costs will be removed relative to the 2013 Long-Term Energy Plan (LTEP) forecast, saving the typical residential consumer an average of $1.67 per month on their electricity bill over the forecast period, noted government in a press statement.
The 930 MW-AC will include wind, solar, hydro and bioenergy, and solar is slated for 250 MW-AC of the total, nearly double the 140 MW-AC which was awarded in March. In the first phase solar projects came in at around CA$16 (US$12) per megawatt-hour, within a range of CA$14.15-$17.85 (US$10.70-$13.50).
As was the case in the first phase of the LRP, preference will be given to projects with First Nations and Métis involvement, as well as projects with local support.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.