Ontario's Independent Electricity System Operator (IESO) has signed 20-year agreements for 14 renewable energy projects, including 12 solar projects and two wind projects, to introduce over three terawatt-hours of electricity annually by the early 2030s. The contracts were awarded through competitive bidding, resulting in a 21% cost reduction compared to previous large-scale renewable contracts. Indigenous communities have at least 50% equity ownership in each project, and projects located within municipalities have received Municipal Support Confirmations. The projects, including solar and wind installations, aim to meet growing energy demands in Ontario and mark the first extensive undertaking for large-scale renewable developments in the country in over ten years.
https://www.power-technology.com/news/ieso-20-year-contracts-14-renewable-projects/