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ARTICLE · 15 JANUARY 2024

Unprecedented Opportunities Ahead For Renewable Developers Across Canada

Bennett Jones LLP
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Electricity grid operators across the country continue to announce expanded procurements for non-emitting electricity to ensure supply adequacy in a transforming energy landscape.

CanadaEnergy and Natural Resources

Electricity grid operators across the country continue to announce expanded procurements for non-emitting electricity to ensure supply adequacy in a transforming energy landscape. These announcements continue procurement trends from recent years as provinces turn to private developers to meet growing demands for electricity supply and storage while aiming to achieve aggressive carbon emissions reductions targets.

Recent developments and opportunities arising from coast to coast are discussed below, including: Ontario, Québec, British Columbia, Alberta, Saskatchewan and the Atlantic Provinces.

Ontario

As part of its broader Resource Adequacy Framework, the Ontario Independent Electricity System Operator (IESO) has been engaging stakeholders on a long-term strategy to meet Ontario's resource adequacy and reliability needs. It recently announced a significant new procurement process focused on renewable electricity supplies, which builds on procurements

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