Wednesday, September 12, 2012

3000 MW of new power generation to come online in Ontario in the next 18 months - 4800 MW of wind and solar PV by February 2014

Ontario's power grid operator issued a statement today that generators will add more than 3000 MW of capacity to the system over the next 18 months, including about 1500 MW of nuclear and 1500 MW of renewable generation.

The Independent Electricity System Operator (IESO) said in a statement that total wind and solar PV generation connected to the grid will reach about 4800 MW by February 2014.

Bruce Power is restoring two 750 MW reactors at the giant 6300 MW Bruce nuclear power station. At least one (and possibly both) of those units was on track to enter service in 2012.

Bruce Power is a partnership owned by Alberta-based energy company TransCanada Corp, Saskatchewan-based uranium miner Cameco Corp, Ontario Municipal Employees Retirement System (OMERS), the Power Workers' Union and the Society of Energy Professionals.

The IESO said the new generation resources and transmission projects have been brought into service to ensure Ontario can meet future supply needs and to support the government's planned removal of the province's remaining 3300 MW of coal-fired capacity by the end of 2014.

The IESO said once the refurbished Bruce nuclear units and other new generation and transmission projects enter service, Ontario will be in a good position to continue eliminating coal-fired generation from the system.

Sources: IESO, Reuters

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