May 6, 2016: Update for FIT 4 Applicants
The IESO has completed Stage 1 and 2 of the FIT review process for 1,702 FIT applications from across the province, totalling about 496 megawatts (MW). The applications were received during the application window open from October 5, 2015, to October 23, 2015, and received timestamps during the revised time stamp application period open from December 9, 2015, to December 11, 2015.
Having completed these stages of the FIT review process, the IESO, together with an Independent Evaluation Monitor, have determined which applications are complete and eligible and will therefore move forward to the next stage, which is connection testing. Over the next week, all applicants will receive a message on their My FIT Home Page informing them of the status of their application.
A total of 1,196 applications – representing about 335 MW – passed the completeness and eligibility stages and will move on to the connection testing in the order they were ranked based on awarded priority points, and time stamp. Applications were first ranked by the number of priority points awarded during the review process. Among applications with the same number of priority points, the revised time stamp was used to determine the order of such applications. Where there was more than one application with the same number of awarded priority points and the same revised time stamps, a random number generator was used to break these ties, consistent with the FIT Rules Version 4.0.2.
More than 74 percent of complete and eligible applications are projects with Aboriginal, community, municipal or public sector participation or projects with municipal, Aboriginal or public sector hosts.
More than 96 percent of applications are for solar photovoltaic projects.
FIT 4 is over-subscribed, and the group of applications moving forward for connection testing is significantly greater than the 241.438 MW target for FIT 4. Contracts are expected to be offered in the second quarter of 2016 to applications that pass connection testing.
Applications that did not pass the completeness and eligibility reviews will receive an explanation of why the application did not pass the review. These applications will be terminated and will not be subject to further testing.
For more information, click here for FAQs.
January 8, 2016: FIT 4 Application Summary
During the recent FIT 4 application window from October 5 to October 23, 2015, the IESO received 1,968 applications representing a total of 582 megawatts (MW). These applications are for renewable energy projects (solar, wind, waterpower and bioenergy) with a proposed capacity of more than 10 kilowatts (kW) and generally up to 500 kW. The IESO received applications with Aboriginal community participation (13 percent of net applications), municipal and public sector participation (34 percent) and community participation (25 percent). View the complete FIT 4 application summary.
Applications are currently being reviewed by the IESO for completeness and eligibility.
Successful applicants are expected to be announced in the second quarter of 2016. The IESO will award contracts up to the procurement target of 241.438 MW which includes the 150 MW initial 2015 FIT procurement target, the 50 MW rollover from the 2014 FIT procurement target, and a 41.438 MW rollover from the remaining unallocated 2014 microFIT procurement target.
Applicants are encouraged to monitor their My FIT Home Page and the primary and owner contacts' email addresses provided in their application in case any clarifications are required.
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