News and Updates
The FIT 5 procurement has concluded and the IESO is prepared to offer 390 new Feed-In Tariff (FIT) contracts. These contracts represent 149.999 megawatts (MW) of renewable energy. The procurement target for FIT 5 was 150 MW.
The FIT Contract, Version 5.0.2 has been posted to replace Version 5.0.1.
The IESO has posted version 5.0.1 of the FIT Contract, which includes enhanced language to clarify the intention of Secured Lenders' rights in the event of a termination due to a Supplier Event of Default, provides further clarity regarding the role of Independent Engineers, and incorporates a small number of administrative refinements.