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The Ontario Power Authority has agreed to buy all of the output from 16 hydroelectric plants operated and owned by Brookfield Renewable Power Inc.
The plants have a combined capacity of 837 MW and generate about 2,300 GWh each year.
Under the 20-year supply contract, OPA will pay a base price of C$69 per MWh (US$64), in addition to payments for on-peak production. The base price and peaking premium will be increased annually, Brookfield said.
Brookfield will begin delivering power to the OPA Dec. 1, 2009. Ontario’s energy minister directed the OPA to enhance its 20-year energy plan by expanding the grid to harness more renewable power. (HydroWorld 9/26/08)
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