The IESO reported on April 14 that the 16 Large Renewable Procurement (LRP I) contracts offered on March 10, 2016 had all been signed and executed. The LRP I RFP Selected Proponents List has been updated to reflect the rated criteria categories awarded to each of the Selected Proponents as part of the proposal evaluation process and the participating Aboriginal communities on each project. With the execution of the contracts, the LRP I procurement process has now been formally concluded.
Contracted projects will be required to obtain all necessary licenses and approvals, such as a Renewable Energy Approval or conducting an Environmental Assessment, before they can be built and operated. These processes are separate from the IESO’s procurement initiatives and include additional community engagement.
The IESO has initiated a stakeholder and community engagement process to invite feedback on the LRP I process and understand what improvements can be made prior to the second round of procurement (LRP II). In addition to a webinar that was held on Tuesday, April 12 (archive available on the IESO website), the IESO ran an online survey to collect feedback on the LRP I process as well as on the draft Engagement Plan. Survey responses were accepted until May 3.
In total, under LRP I, 16 contracts were offered to proponents for 454.885 megawatts of renewable energy capacity. For further details of the LRP I results, see “Significant price decline in latest renewable contracts,” IPPSO FACTO, April 2016.
See also the separate story on the significant price outcomes for wind energy resulting from the RFP: “Wind energy falls below the average cost of power in Ontario,” elsewhere in this issue of IPPSO FACTO.