5 wind contracts totalling 299.5 MW, with a weighted average price of $85.94/MWh and an approximate weighted price range of $64.50 to $105.50/MWh
Large Renewable Procurement
The Large Renewable Procurement (LRP) is a competitive process for procuring large renewable energy projects generally larger than 500 kilowatts.
The LRP is an important component of Ontario’s ongoing commitment to building a cleaner and more sustainable energy system, and represents a key step in the province’s 2025 target for renewable energy to comprise about half of Ontario’s installed capacity. Targets for the first procurement included up to 300 MW of wind, 140 MW of solar, 50 MW of bioenergy and 75 MW of waterpower.
Please note that as of February 4, 2015, all updates to the LRP will be posted here, and all previously posted information and material on the LRP is available on the legacy OPA website at powerauthority.on.ca/large-renewable-procurement.
LRP I Contracts Offered – March 10, 2016
The IESO has completed its evaluation of the 103 proposals received in response to the LRP I RFP and has offered 16 LRP I contracts to successful proponents.
The 16 contracts offered represent 454.885 megawatts (MW) of renewable energy capacity. This capacity contributes to the achievement of the province’s renewable energy targets. The results include:
- 5 wind contracts totalling 299.5 MW, with a weighted average price of $85.94/MWh and an approximate weighted price range of $64.50 to $105.50/MWh;
- 7 solar contracts totalling 139.885 MW, with a weighted average price of $156.67/MWh and an approximate weighted price range of $141.50 to $178.50/MWh; and
- 4 hydroelectric contracts totalling 15.5 MW, with a weighted average price of $175.92/MWh and an approximate weighted price range of $173.50 to $177.00/MWh
Of these, 13 projects (336.8 MW) include participation from one or more Aboriginal communities, including five with more than 50 percent Aboriginal participation. Additionally, 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 contract offers, including project location, fuel type, contract capacity and contact information, see the LRP I RFP Selected Proponents List.