LRP I Results
Today, the Independent Electricity Systems Operator (IESO) announced the results of the Large Renewable Procurement (LRP) I program. The LRP is a competitive bid process for procuring large renewable energy projects in Ontario generally larger than 500 kilowatts.
In response to 103 proposals received, the IESO offered 16 contracts representing 454.885 megawatts (MW) of renewable energy capacity. Of the successful proposals, 13 projects representing 336.8 MW include participation from one or more Aboriginal communities, including 5 projects with greater than 50% participation. More than 75% of the awarded proposals had received support from local municipalities with more than 60% support from abutting landowners.
The results breakdown as follows:
|Energy Source||No. of Contracts||Total Capacity (MW)||Weighted Average Price (/MWh)||Approx. Weighted Price Range (/MWh)|
|Wind||5||299.5||$85.94||$64.50 - $105.50|
|Solar||7||139.885||$156.67||$141.50 - $178.50|
|Hydro||4||15.5||$175.92||$173.50 - $177.00|
The full list of results can be found here: http://www.ieso.ca/Documents/generation-procurement/lrp/lrp-1-final/LRP-I-RFP-Selected-Proponents-List.pdf
Now that the LRP I RFP process has completed, the IESO intends to seek feedback from stakeholders, municipalities and Aboriginal communities over the summer in order to understand what improvements can be made prior to the second round of large renewable procurement (LRP II). See more information on the LRP Engagement page which can be found here:
Large Renewable Procurement LRP