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Contract Requirements

 

This section outlines the general requirements you need to meet under your FIT contract, as well as other matters you need to consider as the owner and operator of a renewable energy project.
 
The purpose of the completion and performance security payment is to provide a measure of certainty to the OPA and Ontario’s electricity system planners that FIT Program contract holders will complete their projects as intended.
 
The FIT contract milestones are required to ensure that your project successfully connects to the grid and reaches commercial operation. The milestones include impact assessments, renewable energy approval, a provincial content plan and a financing plan.
 
The notice to proceed is intended to provide you with the certainty you need to begin building your project.
 
The second security payment is required when all the applicable impact assessments and approvals have been completed and a notice to proceed has been issued.
 
The FIT contract specifies the time frame within which your project must achieve commercial operation. These time frames depend on the type of project involved.
 
The OPA is responsible for managing the contractual relationship with the generator after the contract is executed.
 
This section provides a summary of important FIT contract payments and timelines.