TORONTO — Evan Pivnick, affiliate director of public affairs at Clear Power Canada, made the next assertion in response to the Ontario Unbiased System Electrical energy Operator’s number of 14 initiatives as a part of its Lengthy-Time period 2 Power Provide (Window 1):
“Yesterday, the Unbiased System Electrical energy Operator introduced the number of 14 initiatives as a part of its aggressive, technology-agnostic procurement course of. The initiatives have been chosen primarily based on cost-competitiveness, and all are renewable. This procurement actually demonstrates the cost-effectiveness of renewable vitality, not solely around the globe, however to energy Ontario’s future.
“Clear Power Canada welcomes the announcement of the 12 photo voltaic and two wind vitality initiatives, which is able to provide Ontario with 1,315 megawatts of inexpensive, clear vitality—sufficient to energy greater than 350,000 houses. This announcement from the IESO—the primary aggressive procurement in over a decade—is a crucial step towards embracing the alternatives {that a} clear electrical energy grid can present.
“Providing each affordability and vitality safety advantages to ratepayers, wind and photo voltaic aren’t topic to the geopolitical pressures that result in insecure provide chains and seesawing fossil gas costs. In a market the place weighted wholesale costs swung from $25/megawatt-hour to almost $140/MWh during the last 12 months, locking in 20-year contracts at a mean of $87.80/MWh by means of an open and aggressive course of gives long-term worth stability for households within the coming years as total demand continues to rise.
“Renewables additionally present the good thing about quick deployment. The initiatives introduced yesterday will come on-line by 2030, delivering new clear provide throughout the decade when Ontario wants it most. Moreover, they obtained sturdy municipal help, will create jobs for Ontarians, and contribute to financial reconciliation with Indigenous communities, since all initiatives have First Nations companions with at the least 50% fairness possession.
“Clear Power Canada congratulates the profitable proponents, in addition to the IESO, for operating Ontario’s largest-ever aggressive vitality procurement.”