Ontario Power Authority to offer 330 solar PV FIT contracts as part of the extended FIT 3 procurement

240 kW PV rooftop system in Kitchener, Ontario: Image: CarbonFree Technology
240 kW PV rooftop system in Kitchener, Ontario: Image: CarbonFree Technology

The Ontario Power Authority (OPA) is offering 332 new Feed-in-Tariff (FIT) renewable energy contracts. These contracts for 330 solar photovoltaic (PV) projects and 2 bio-energy projects represent 100 megawatts (MW), enough electricity each year to power almost 13,000 homes.

“The FIT Program continues to generate strong interest among power generators as well as communities across the province. The FIT contracts we are about to offer represent significant investment in Ontario and in our electricity system. They show that the transformation of our electricity system to be cleaner and more sustainable is well on its way”, comments Ontario Power Authority CEO Colin Andersen.

Eligible applicants who had already submitted complete applications were asked to confirm their interest in participating. Applicants with projects that can connect to the grid are being offered contracts. 

The projects include 121 projects (representing 31.4 MW) with First Nation and Métis community participation, 60 projects (representing 18.6 MW) with community participation, and 151 projects (representing 50 MW) with municipal or public sector participation.

 

OPA to merge with IESO

On January 1st, 2015, the OPA will merge with the Independent Electricity System Operator (IESO). The new organization will combine the OPA and IESO mandates. As a result of this merger, successful applicants will receive a FIT contract from the IESO. This change will not affect their FIT contract offer.

Ontario's clean energy initiatives have attracted billions of dollars in new private sector investments, generated thousands of jobs and significantly increased the amount of clean energy in Ontario’s supply mix.

 

North America’s first comprehensive guaranteed pricing structure for renewable electricity production launched in 2009

Ontario’s FIT Program, enabled by the Green Energy and Green Economy Act, 2009, launched North America’s first comprehensive guaranteed pricing structure for renewable electricity production. It includes standardized program rules, prices and contracts for those interested in developing a qualifying renewable energy project. Prices are designed to cover project costs and allow for a reasonable return on investment over the contract term. Qualifying renewable energy technologies currently include biogas, renewable biomass, landfill gas, solar photovoltaic, waterpower and on-shore wind power.

More information about the FIT Program is available at fit.powerauthority.on.ca. The OPA also administers the microFIT Program for renewable energy projects up to 10 kW. More information is available at microfit.powerauthority.on.ca.

 

2014-12-23 | Courtesy: OPA | solarserver.com © Heindl Server GmbH

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