CanREA celebrates the industry’s first opportunity in a decade to propose new affordable wind and solar projects in Ontario.
Toronto, June 30, 2025—The Canadian Renewable Energy Association (CanREA) welcomes Ontario’s launch of the Long-Term 2 (LT2) competitive procurements for new-build energy and capacity resources, issued Friday by the Independent Electricity System Operator (IESO).
This marks the renewable energy industry’s first opportunity in a decade to propose new affordable wind and solar projects in Ontario, and provides continued opportunities for energy storage projects, a growing technology asset in Ontario’s electricity supply mix.
“Ontario needs more power, and renewables and energy storage will contribute significantly to meeting this need. Together with local community and Indigenous partners, our members are ready to compete for the opportunity to provide affordable, reliable and clean electricity to Ontario families and businesses and support economic growth across the province,” said Vittoria Bellissimo, CanREA’s President and CEO.
LT2 is a series of competitive procurements for new-build electricity generation resources through annual intake windows over the next four years (2025-2028). This first window of the LT2 RFPs consists of the LT2 Window 1 Energy RFP targeting 3 terawatt-hours (TWh) of new energy-producing resources, including wind and solar, and the LT2 Window 1 Capacity RFP, targeting 600 megawatts (MW) of new capacity resources, including energy storage.
In total over the four intake windows, the LT2 energy stream aims to procure up to 14 TWh of new energy-producing resources and the LT2 capacity stream is targeting up to 1,600 MW of new capacity resources.
As the lowest-cost source of new, quickly deployable electricity generation available worldwide today, renewables are a critical part of the solution for Ontario’s growing energy needs.
“This procurement is a high priority item for our members and their Indigenous and municipal partners in Ontario. We’re excited that these first in a series of annual RFPs have now been issued, building momentum and consistent investment opportunities for renewable and storage projects in Ontario over the coming years,” said Eric Muller, CanREA’s Director for Ontario.
While CanREA’s members continue to prepare their project proposals for the fall and foster partnerships with Indigenous communities and municipalities, CanREA will continue to engage with government ministries and agencies on permitting, siting and land-use rules and regulations to ensure that these energy and capacity procurements result in the lowest-cost, highest-benefit outcomes for Ontarians.
Quotes
“Ontario needs more power, and renewables and energy storage will contribute significantly to meeting this need. Together with local community and Indigenous partners, our members are ready to compete for the opportunity to provide affordable, reliable and clean electricity to Ontario families and businesses and support economic growth across the province.”
—Vittoria Bellissimo, President and CEO, Canadian Renewable Energy Association (CanREA)
“This procurement is a high priority item for our members and their Indigenous and municipal partners in Ontario. We’re excited that these first in a series of annual RFPs have now been issued, building momentum and consistent investment opportunities for renewable and storage projects in Ontario over the coming years.”
—Eric Muller, Ontario Director, Canadian Renewable Energy Association (CanREA)
For media inquiries or interview opportunities, please contact:
Communications
Canadian Renewable Energy Association
communications@renewablesassociation.ca
About CanREA
The Canadian Renewable Energy Association (CanREA) is the voice for wind energy, solar energy and energy storage solutions that will power Canada’s energy future. We work to create the conditions for a modern energy system through stakeholder advocacy and public engagement. Our diverse members are uniquely positioned to deliver clean, low-cost, reliable, flexible and scalable solutions for Canada’s energy needs. For more information on how Canada can use wind energy, solar energy and energy storage to help achieve its net-zero commitments, consult “Powering Canada’s Journey to Net-Zero: CanREA’s 2050 Vision.” Follow us on Bluesky and LinkedIn here. Learn more at renewablesassociation.ca.
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