LRP is a competitive process that supports more renewable projects in Ontario, and represents a key step in the province’s 2025 target for renewable energy to comprise about half of Ontario’s installed capacity.
Renewable Energy Systems Canada (RES) and partner, Boralex, were selected by the Independent Electricity System Operator (IESO) and awarded an LRP I Contract for a 50-MW wind-power project as part of the Large Renewable Procurement (LRP) process.
LRP is a competitive process for procuring large renewable energy projects with a capacity greater than 500 kilowatts.
The project, Otter Creek Wind Farm Project, is situated on private lands in the Municipality of Chatham-Kent, and is targeted to reach commercial operation by the end of 2019.
RES and Boralex have also been able to obtain the support of the Walpole Island First Nation for this project and the ownership currently stands in the limited partnership interests as:
- RES – 51%
- Boralex – 38.5%
- Walpole Island First Nation – 10.5%.
This partnership is grateful to have received support from the Municipality of Chatham-Kent, which was granted an option to participate in the project up to 15% of the limited partnership interests following commercial operation.
“We look forward to working together with the Municipality of Chatham-Kent and the Walpole Island First Nation to bring the next generation of renewable energy to the area,” said Peter Clibbon, Senior Vice President, Development of RES in Canada and Patrick Lemaire, President and CEO of Boralex, in a joint statement. “We are committed to helping Ontario meet its clean energy goals.”
The partnership will organize public meetings shortly in the area of the project to further engage with the communities, describe the community benefits, and present the latest evolutions of the project.
Filed Under: News, Policy, Projects
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