The Ontario Ministry of Energy has set some new targets for renewable procurement in Ontario. A number of changes will be implemented including greater control and participation for municipalities, a competitive process for large FIT (>500kW), and, most importantly for us and our clients, visibility on the MicroFIT and Small FIT (10 to 500kW) procurement targets.
The OPA has been charged with procuring 900MW over the next 4 years as follows:
- 70MW and 30MW of FIT and MicroFIT, respectively, this fall;
- 150MW and 50MW of FIT and MicroFIT each year for 4 years after that.
We don't know what pricing will be; that's up to the OPA and will probably be announced for the next window sometime in the early fall.
Also released by the OPA was an update of the FIT 2 process. Details can be found here.
Noteworthy are the following points:
- 825MW of applications were received for 200MW of available contracts
- only 193MW of those applications passed the first screens of completeness and eligibility, and will be proceeding to transmission and distribution availability testing (tat/dat)
- all applicants have been notified
- therefore if you've been notified that your application was approved, the only hurdle between now and your project being buildable is tat/dat, regardless of priority points.
If you've got a FIT 2 application in the process, or a FIT 1 project needing to be built, call us and we can help.