Ontario Liberals put brakes on renewable-energy projects
theglobeandmail.com | Published 27 September 2016
By Richard Blackwell
Ontario’s renewable energy industry has been dealt a blow with the province’s decision to cancel the latest round of green power projects.
The Liberal government announced on Tuesday that it is killing off its second “large renewable procurement” plan, the process in which companies bid to build wind and solar farms and other projects.
Ontario Energy Minister Glenn Thibeault said the electrical system operator told him it does not need the power, and Ontario wants to save money and cut electricity bills. The decision will save the province $3.8-billion, and spare consumers an average extra payment of $2.45 that would have been added to their monthly bills, he said.
Mr. Thibeault said contracts signed in an earlier green-energy procurement will be honoured. In March, the province reached 16 deals with 11 firms to build wind, solar and hydroelectric projects for a total of 455 megawatts of new capacity. The negotiated prices were much lower than earlier fixed-price contracts for renewables because of the competitive bidding.