August 29, 2014: Price Review and Extending the FIT 3 Procurement
On August 29, 2014, the Minister of Energy directed the OPA to extend the FIT 3 procurement by allocating up to 100 MW of the 150 MW 2014 FIT Procurement Target to applicants whose applications (i) were received through the FIT 3 application period, (ii) were deemed complete and eligible, and (iii) were not included in the Offer List posted on July 30, 2014 (called “Eligible Applicants” in the Minister’s direction), provided there is available connection capacity. The remaining 50 MW from the 2014 FIT Procurement Target will be added to the 2015 FIT Procurement Target; resulting in a minimum 2015 FIT Procurement Target of 200 MW.
This means that the next application period is expected in 2015.
This extended FIT 3 procurement maintains the government’s commitment in the 2013 Long-Term Energy Plan to provide annual FIT procurements. Providing a predictable FIT procurement schedule helps industry to plan more effectively and secure the resources necessary to participate in the renewable energy sector.
The direction also instructed the OPA to conduct the annual price review process immediately, starting with a stakeholder questionnaire, and to post the new price schedule by September 30, 2014. The new price schedule will be effective immediately for the FIT Program and apply to any FIT contracts that are offered after September 30, 2014. The new price schedule will be effective January 1, 2015 for microFIT contracts. The new price schedule will not apply to any FIT contracts offered pursuant to the July 30, 2014, Offer List.
In consideration of the new price schedule, Eligible Applicants will be provided an opportunity in October 2014 to confirm, through the submission of a new Prescribed Form, their interest in having their Applications considered for the extended FIT 3 procurement. Eligible Applicants will be advised when this new Prescribed Form is available, and the OPA anticipates that it will be posted in advance of the new price schedule being provided.
As also indicated in the Minister’s direction, any Eligible Applicants that had received Priority Points for a Municipal Council Support Resolution or an Aboriginal Support Resolution on their FIT 3 applications, and that are offered a FIT contract as part of this extended FIT 3 procurement, will be required to re-confirm that their projects continue to have such Municipal Council Support or Aboriginal Support through new support resolutions as a Notice to Proceed (NTP) Pre-requisite.
2015 FIT Procurement Target and Unallocated 2014 Capacity
In addition to the 200 MW 2015 FIT Procurement Target described above, any MW remaining from the 2014 microFIT Procurement Target that is not allocated by December 31, 2014, as well as any MW remaining from the 100 MW Procurement Target for the extended FIT 3 procurement, will be added to the 2015 FIT Procurement Target. In 2015, the OPA will still award up to 50 MW under the microFIT Program.
Stakeholder Engagement on 2015 FIT Procurement
This fall, the OPA will also begin to conduct focused stakeholder engagement to inform potential enhancements to the FIT and microFIT programs and report back to the Ministry with recommendations by the end of 2014. Further details on the engagement process will be provided when they are available.
Any questions regarding this process or the changes indicated in the Minister’s direction should be sent to FIT@powerauthority.on.ca.
August 14, 2014: New FIT Contract Version 3.0.1 posted
On July 25, 2014, the Minister of Energy directed the OPA to not include any domestic content requirements in any FIT Contracts signed by the OPA after July 25, 2014. For this reason the OPA is posting version 3.0.1 of the FIT Contract, which does not include any domestic content requirements. All successful FIT 3 Applicants (including successful URSP Applicants) that were included on the July 30, 2014 Contract Offer List will receive version 3.0.1 of the FIT Contract. Version 3.0.1 of the FIT Contract is available in the Program Resources section.
July 30, 2014: FIT Version 3 contracts offered
Ontario’s clean energy economy continues to grow as the Ontario Power Authority (OPA) offers 500 new Feed-in Tariff (FIT) renewable energy contracts. These contracts represent 123.5 megawatts (MW) of power, enough to power approximately 15,000 homes. Following the FIT 3 application period from November 4, 2013, to December 13, 2013, the OPA was authorized to offer up to 123.5 MW of contracts to proponents with successful applications.
More than 95 percent of the successful applications received municipal council support resolutions.
The breakdown of contract offers is as follows:
Of these, 257 projects (60 MW) are with Aboriginal participation, 81 projects (21.5 MW) with community participation, and 161 projects (42 MW) with municipal or public sector entity participation.
As committed in the province’s Long-Term Energy Plan, the FIT Program will have an annual procurement target of 150 MW between 2013 and 2018. More details on the next application window will be provided on the FIT website in the coming weeks.
In addition, the OPA is also ready to offer 63 contracts to successful applicants who applied to the Unconstructed Rooftop Solar Pilot (URSP). This stream had a separate procurement target of up to 15 MW. More than 93 percent of the successful applications had received municipal council support resolutions.
All applicants will receive information on their My FIT Home Page regarding the status of their application.
July 24, 2014: Terminated FIT contracts
In response to inquiries and to increase transparency, the OPA has posted a list of FIT contracts that the OPA has terminated. The list is available here and will be updated quarterly.
At times, the OPA will terminate a contract if certain contract conditions have not been met or the project has experienced significant delays due to force majeure events.
The OPA provides aggregate information on contracts that have been terminated in each quarter in the Progress Report on Electricity Supply.