Large Renewable Procurement Results

Last week, the Independent Electricity System Operator (IESO) announced the successful proposals submitted in the first round of the Large Renewable Procurement process (LRP1). 

What is significant about this announcement is the price.  The province has moved to a competitive bid process for renewable energy.  IESO reports that, for the wind projects selected, the weighted average price was 8.59 cents/kWh, and 15.67 cents/kWh for solar.

The full list of successful projects can be viewed here; while the Canadian Wind Energy press release regarding the announcement can be viewed here.

Information courtesy of Kevin R. Surette, WPD Canada