Ontario to Procure 1,500 MW of Renewable Energy, Including Wind Power

Province to Invest $1 Billion in New Renewable Energy Projects

Ontario is taking a significant step towards achieving its goal of a net-zero carbon future by committing to procure 1,500 megawatts (MW) of new renewable energy, including wind power, by 2026.

The province will invest $1 billion in these projects, which are expected to create approximately 2,500 jobs and reduce greenhouse gas emissions by up to four million tonnes annually.

The procurement will be conducted through a competitive process managed by the Independent Electricity System Operator (IESO), which will result in contracts for new wind, solar, and hydroelectric projects.

The IESO is an independent, not-for-profit corporation responsible for operating Ontario's electricity system. It will ensure that the procurement process is fair, transparent, and competitive.

Ontario's commitment to renewable energy is part of its Climate Change Action Plan, which aims to reduce greenhouse gas emissions by 30% below 2005 levels by 2030.

The province has already made significant progress towards this goal, with renewable energy sources now accounting for over 90% of Ontario's electricity generation.

The new renewable energy projects will help Ontario further reduce its reliance on fossil fuels and create a cleaner, healthier environment for future generations.

In addition to the environmental benefits, the projects will also provide economic benefits to the province. The construction and operation of the projects will create jobs and boost local economies.

Ontario's commitment to renewable energy is a positive step towards a sustainable future. The new projects will help the province reduce its greenhouse gas emissions, create jobs, and boost the economy.

Here are some of the key benefits of the renewable energy procurement:

• Reduce greenhouse gas emissions by up to four million tonnes annually
• Create approximately 2,500 jobs
• Boost local economies
• Help Ontario achieve its goal of a net-zero carbon future

Ontario's commitment to renewable energy is a positive step towards a sustainable future. The new projects will help the province reduce its greenhouse gas emissions, create jobs, and boost the economy.