To meet demand driven largely in part by the retirement of nuclear energy facilities and the transition towards electric vehicles, Ontario commissions 5 GW of newly-built electricity generation capacity.
Solar and storage will significantly impact the province’s green power generation fleet expansion.
Among 55 companies approved to provide new generation capacity soon, numerous renewable energy and energy storage developers are included on the list.
This is big news for solar and storage developers, who have been developing innovative solutions to Canada’s anticipated need for greater electricity generation.
According to the provincial government-appointed Independent Electricity System Operator, IESO, the increasing adoption of electric vehicles and the planned retirement of nuclear reactors justifies the need for Ontario to commission 5 GW of new electricity generation capacity.
Currently, there are already 55 approved applicants competing in an accelerated procurement competition created to secure 1 GW of new generation plants in Ontario by 2025.
There is also a separate call for proposals intended to commission 2.5 GW additional facilities in the province by 2027.
The initial round of both procurement exercises saw 77 applicants bidding for consideration, with 55 companies qualifying, including numerous solar and storage developers.
The successful list of applicants includes AMP Solar Group; Brookfield Renewable Power; EDF Renewables Canada; EDP Renewables Canada; Enbridge Inc; NextEra Canada Development; Samsung Renewable Energy; Renewable Systems Canada Inc; SB Energy US Holdings; and Acciona Energy Canada Global Inc.
According to the Canadian Renewable Energy Association, the list of successful applicants includes many prospective energy storage projects.
Ontario is entering a period of emerging system needs, making the call for new electric resources timely and necessary.
With the retirement of the Pickering nuclear plant, the uptake of electric transportation and Ontario’s growing economy, there was no time like the present to commission green energy solutions to the province’s rising electricity needs.