A review of the Ontario Power Authority's (OPA) recent
announcements and initiatives, along with their broad implications,
highlights evolving opportunities across the Ontario landscape.
These initiatives are also indicative of the vast complexity for
stakeholders, from policy makers to developers to technology
companies throughout the renewable energy value chain. A few
program developments show both robustness in the market and a
change in direction.
As of September 30, 2013, the OPA had 10,560 MW of renewable
energy supply contracted in Ontario, with 52% of it under
development and 48% in commercial operation. While projects under
development represent about $20B in investment, much of it targeted
for spending over the next several years, incremental contracted
capacity in the 18 months prior to the Q3 report was reported to be
only 154 MW. This indicates significant market activity while also
highlighting the need for next generation policy and
