APPrO statement on the announcement of a 2000 MW renewables RFP, August 27 2007
TORONTO, August 27, 2007: Ontario's power producers welcomed today’s announcement by the Minister of Energy of a directive to the Ontario Power Authority to procure up to 2000 MW of clean, renewable power. The directive will give a major boost to Ontario’s reputation as a world leader in renewable energy and result in increased investment in new renewable sources of electricity generation for Ontario in the coming years, APPrO president Dave Butters said.
“Renewable energy is a world-wide growth industry. Consequently, competition for renewable investment is intense, and lead times for major project components like wind turbines and towers are getting longer and longer so it makes sense for Ontario to signal to the industry now what its renewable energy investment needs will be over the next several years. Given the number of renewable energy projects in states of readiness around the province and the levels of interest in renewable, emission-free generation as well as the need for more supply in Ontario, this should help to ensure that we meet our renewable targets on time, and get the best price for them”, Butters said.
Butters also noted that more stream-lined approvals and permitting processes could further shorten the amount of development time and reduce project costs and uncertainty, which would in turn result in lower cost projects.
APPrO is a non-profit organization representing more than 100 companies involved in the generation of electricity in Ontario, including generators, suppliers of services, equipment and consulting services. APPrO members produce power from nuclear, hydro, fossil, wind, waste wood and other energy sources. APPrO's members currently produce over 95% of the electricity generated in Ontario.
For further information contact:
Association of Power Producers of Ontario (APPrO)
tel: (416) 322-6549 or (647) 444-6549
fax: (416) 481-5785
Power Producers of Ontario (APPrO)
PO Box 1084, Stn. F, Toronto, Ont. M4Y 2T7
tel.: 416-322-6549 fax 416-481-5785