IESO offers 20-year contracts to 14 new renewable energy proposals

Together, these projects will deliver more than 3 TWh of new annual electricity supply, meeting the procurement target for the window and helping to address energy needs forecast to emerge in the early 2030s. The IESO leveraged competition to secure these new resources at a price 21% lower than the last time contracts were awarded to large scale renewables in Ontario.

All 14 projects include at least 50% Indigenous equity ownership, and projects proposed in municipalities were supported through Municipal Support Confirmations as part of the submission process, reflecting local engagement early in development.

LT2(e-1) represents the first opportunity in more than a decade for large scale, new build renewable development in Ontario. Results from the first window of the LT2 capacity stream are expected in June 2026, with three additional LT2 windows planned – making it the largest electricity procurement in Ontario’s history.

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Read the article online at: https://www.energyglobal.com/wind/13042026/ieso-offers-20-year-contracts-to-14-new-renewable-energy-proposals/