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Category Archives: Purchase Agreements

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Large Renewable Procurement II – IESO Webinar and Process Updates

Posted in Energy – Renewable, Alternative and Clean, Independent Producers, Ontario Independent Electricity System Operator, Power, Procurement, Purchase Agreements
Ontario

As previously noted, the IESO is currently developing the Large Renewable Procurement II (“LRP II”) process. Consistent with LRP I, the LRP II process will involve two phases: a Request for Qualifications (“LRP II RFQ”) and a Request for Proposals.

On July 13, 2016, the IESO hosted a webinar to provide an overview of the LRP II RFQ process and the changes it has introduced following the feedback received on the LRP I RFQ process. The IESO indicated that the LRP II RFQ process is substantively similar to the LRP I RFQ process. Two key topics … Continue Reading

Large Renewable Procurement II

Posted in Energy – Renewable, Alternative and Clean, Independent Producers, Ontario Independent Electricity System Operator, Power, Procurement, Purchase Agreements

On June 27, 2016 the IESO posted the draft Request for Qualifications (LRP II RFQ) and associated Prescribed Forms on the LRP Engagement page for review and comment.  According to the IESO, the LRP II RFQ builds on the LRP I RFQ and on the feedback received on the LRP I process, and the policy direction from the Minister of Energy.

 Comments and feedback on the draft LRP II RFQ and the associated Prescribed Forms are due by July 14, 2016 and can be provided via email to engagement@ieso.ca using the feedback form available on the LRP Engagement page.  In Continue Reading

Ontario Court of Appeal rules OEFC changes to calculation of price adjustment index breach the terms of power purchase agreement

Posted in Electricity, Independent Producers, Power, Purchase Agreements
Ontario

On April 19, 2016, the Ontario Court of Appeal released its decision in Iroquois Falls Power Corporation v. Ontario Electricity Financial Corporation. The decision concerned a dispute between several non-utility generators (“NUGs”) and the Ontario Electricity Financial Corporation (“OEFC”) over changes to a price adjustment index contained within the long-term contracts for the purchase of electricity generated by the NUGs.

This change affected a component portion of a measure known as Total Market Costs (“TMC”), which measure was used to derive the price adjustment index. At the heart of the dispute was an … Continue Reading

BC Hydro Releases Long-Anticipated Updates to Standing Offer Program and Introduces Micro-Standing Offer Program

Posted in BC Hydro, Electricity, Energy – Renewable, Alternative and Clean, Independent Producers, Procurement, Purchase Agreements
British Columbia

Updates to the Standing Offer Program (SOP)

On March 4, 2016, BC Hydro released a new version (Version 3.1) of its SOP Rules to address feedback it received during First Nation and stakeholder consultation meetings and focus group discussions conducted over the last few years. The SOP offers small-scale, clean energy projects in British Columbia with capacities between 100 kW and 15 MW the opportunity to enter into energy purchase agreements (EPAs) with BC Hydro. An EPA requires the project developer to sell all energy from the project to BC Hydro for a term of 20 to 40 … Continue Reading

IESO Releases Addendum to LRP Contract

Posted in Electricity, Energy – Renewable, Alternative and Clean, Independent Producers, Ontario Independent Electricity System Operator, Ontario Power Authority, Power, Procurement, Projects, Purchase Agreements
Ontario

The IESO has released an addendum to the Large Renewable Procurement I Request for Proposals and Contract.

The amendments to the RFP and the Contract contained in the addenda clarify several matters that had been raised in respect of the LRP program, including:… Continue Reading

Hydro-Québec Issues New RFP for 500 MW of Firm Capacity and Related Energy

Posted in Electricity, Purchase Agreements, Québec Hydro-Québec
Québec

On March 4, 2015, Hydro-Québec Distribution (“HQD”) issued a new request for proposals for the purchase of up to 500 MW of firm capacity and the related energy during “peak periods”.

The energy offered by bidders will need to be available for at least 300 hours per year, mainly during the winter period, in accordance with a delivery schedule which may be communicated by HQD at any time on a four hour minimum prior notice.… Continue Reading

BC Hydro Discloses Available Yearly Target Energy Volume Information under Standing Offer Program

Posted in BC Hydro, Biomass, Electricity, Energy – Renewable, Alternative and Clean, Hydroelectric, Power, Purchase Agreements, Solar, Wind
British Columbia

On February 10, 2015, BC Hydro announced that it is making available yearly target energy volume information to help developers with project planning under its Standing Offer Program (SOP). As part of the “Clean Energy Strategy” included in BC Hydro’s 2013 Integrated Resource Plan, the SOP’s annual target energy volume was increased from 50 GWh/year to 150 GWh/year.… Continue Reading

LRP: Update on the Large Renewable Procurement

Posted in Electricity, Energy – Renewable, Alternative and Clean, Ontario Independent Electricity System Operator, Ontario Power Authority, Power, Procurement, Purchase Agreements
Ontario

In response to the high volume of comments received during the Draft LRP I RFP and draft LRP I Contract feedback period, the Independent Electricity System Operator (IESO) has extended the posting date of the final LRP documents to March 3, 2015.

In the meantime, the IESO has released an update document on the IESO website (found here) (the “Update”) which provides Qualified Applicants and interested stakeholders with additional information on some of the proposed changes to the final LRP documents.… Continue Reading

Looming Solar Dispute

United States to File a Dispute with the World Trade Organization Regarding Indian Solar Subsidies

Posted in Energy – Renewable, Alternative and Clean, Power, Purchase Agreements, Solar

Later this week, on April 25, 2014, the United States is expected to file a dispute with the World Trade Organization (the WTO) regarding India’s domestic content requirements for solar cells and solar modules under its Jawaharlal Nehru National Solar Mission programme, introduced to promote the development of solar power generation facilities in the country. The United States alleges that India requires solar power developers to purchase and use solar cells and solar modules of Indian origin and that India’s solar power developers receive certain benefits and advantages, such as long-term tariffs for electricity, provided that they purchase and use … Continue Reading

Eventful Day for Eastern Canada Electric Power Industry

Posted in Electricity, Energy – Renewable, Alternative and Clean, Hydroelectric, Power, Projects, Purchase Agreements, Québec Hydro-Québec, Transmission, Wind
Québec

July 22, 2013 was an eventful day for Canada’s eastern provinces, with two noteworthy developments concerning the future of their electricity industries, including the Nalcor Energy Lower Churchill mega hydroelectric project and its 824 MW first phase Muskrat Falls hydroelectric project.

First, Hydro-Québec, Québec’s electricity utility, filed a motion with the Québec Superior Court for a declaratory judgment challenging two recent positions taken by Churchill Falls (Labrador) Corporation Limited (CFLCo) with respect to the May 12, 1969 Churchill Falls Power Contract (the Power Contract).

CFLCo is a subsidiary of Newfoundland and Labrador Hydro, itself a subsidiary of Nalcor Energy, Newfoundland … Continue Reading

Where the Sun Always Shines (Part 2 of 2)

Saudi Arabia is the New Frontier of Solar Power – And Opportunities Abound for Canadian Developers and Lenders

Posted in Energy – Renewable, Alternative and Clean, Procurement, Projects, Purchase Agreements, Solar

In our last post, we outlined some of the motivating factors behind the Kingdom of Saudi Arabia’s ambitious new 54,000 MW renewable energy program. In this post, we provide a brief overview of the Kingdom’s competitive procurement process (CPP).

The Kingdom recently published a white paper that describes the proposed CPP. The process “will consist of an Introductory Round with pre-packaged sites identified by the King Abdullah City for Atomic and Renewable Energy (KA CARE), followed by additional procurement rounds conducted over a two to three year window that will target up to 7,000 MW capacity of contracted capacity.”… Continue Reading

BC Government Delays Submission of Integrated Resource Plan

Posted in BC Hydro, Conservation, Electricity, Energy – Renewable, Alternative and Clean, Natural Gas, Power, Purchase Agreements, Regulation, Transmission
British Columbia

The BC government announced on November 2, 2012 that it will delay the submission of BC Hydro’s Integrated Resource Plan (IRP) to Cabinet until August 3, 2013 – three months after the next provincial election. The most recent delay is due to uncertainty of electricity requirements for prospective liquefied natural gas (LNG) projects in northern British Columbia. The potential LNG-related electricity load in the region would be substantial if proponents build plants that rely on BC Hydro to satisfy their power requirements.  Currently, the existing electricity service to the region is insufficient to meet the potential demand of the Continue Reading