Ontario’s Independent Electricity System Operator provides Pathways to Decarbonization report to Minister of Energy
Ottawa, December 15, 2022—The Canadian Renewable Energy Association (CanREA) anticipates significant opportunities for our members in Ontario as the province considers scenarios to decarbonize its electricity system in the years to come.
The Independent Electricity System Operator (IESO) today released the Pathways to Decarbonization report, in response to Energy Minister Todd Smith’s request for the IESO to evaluate a moratorium on new natural gas generating stations in Ontario and to develop an achievable pathway to decarbonization in the electricity system.
According to the IESO’s report, Ontario will need close to 70GW of new non-emitting electricity generation by 2050. CanREA members can expect a need for at least 25 GW of new wind, solar and energy storage to be procured to meet the 2050 scenario outlined.
“CanREA recognizes this report will lead to a broader discussion on optimizing solutions to power Ontario’s energy transition,” said Brandy Giannetta, CanREA’s Vice-President of Policy and Government Affairs. “CanREA members are well positioned to invest in building the low cost, non-emitting infrastructure that Ontario needs”.
CanREA works on behalf of its members to ensure that Ontario’s electricity system leverages—and unlocks additional value from—Ontario’s low cost and flexible wind, solar and energy storage resources. The Association will continue to advocate for fair and transparent competitive procurements to ensure Ontario ratepayers are receiving the best value as we continue to design and build the clean electricity grid of the future.
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 Vison.”
Quotes
“CanREA recognizes this report will lead to a broader discussion on optimizing solutions to power Ontario’s energy transition. CanREA members are well positioned to invest in building the low cost, non-emitting infrastructure that Ontario needs.”
—Brandy Giannetta, CanREA’s Vice-President, Policy & Government Affairs
About the Canadian Renewable Energy Association (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. Our diverse members are uniquely positioned to deliver clean, low-cost, reliable, flexible and scalable solutions. 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 Vison.” Learn more at renewablesassociation.ca. Follow us on Twitter and LinkedIn. Subscribe to our newsletter here. Become a member here.
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