October 25, 2024

ONTARIO RELEASES NEW VISION FOR AFFORDABLE ENERGY FUTURE
CanREA applauds Ontario Minister of Energy and Electrification's vision and commitment to affordable, reliable and clean electricity.

October 25, 2024

The Canadian Renewable Energy Association (CanREA) applauds the Ontario government's commitment to affordable, reliable and clean electricity in its new vision for affordable energy, Ontario's Affordable Energy Future: The Pressing Case for More Power, released today (Oct 22) by Stephen Lecce, Ontario Minister of Energy and Electrification, and Sam Oosterhoff, Associate Minister of Energy Intensive Industries. 

This new vision aims to drive savings through competition, recognizing that renewables and distributed energy resources (DERs) are a critical part of the solution for Ontario's growing energy needs. It outlines the government's commitment to affordability and aims to reduce province-wide emissions as the province deals with growing demand for energy.  

"It will take all forms of energy to meet growing electricity demand, but what we need right now are affordable, clean and reliable solutions that are quickly deployable, flexible and scalable. Wind and solar energy are the most affordable sources of new electricity generation that can be built today, in Ontario, across Canada, and around the world," said Vittoria Bellissimo, CanREA's President and CEO.  

Minister Lecce was joined at the announcement by CanREA Board member David Eva, CEO, Capstone Infrastructure Corporation and Michèle Smith, Vice President of Business Management at CanREA Industry Leader member company, Potentia Renewables Inc.  

"CanREA's members are ready to deliver the cost-effective, scalable and flexible wind, solar and energy-storage solutions that Ontario customers need," said Bellissimo. 

CanREA also welcomes the government's announcement today that they will release the province's first ever long-term Integrated Energy Plan. The province's plan will coordinate all energy resources, including electricity, natural gas and other fuels, over a long-term planning horizon to 2050.   

"For Ontario, a new energy vision and a long-term integrated energy plan will help ensure that the entire energy sector is rowing in the same direction. Together, we can reduce both costs and emissions while driving Ontario's economic growth," said Eric Muller, CanREA's Director for Ontario. 

Going forward, CanREA will continue to collaborate with the Ontario government to advance wind energy, solar energy and energy storage, in support of Ontario's competitive advantage as a clean energy leader.  

For more information: https://renewablesassociation.ca/statement-ontario-releases-new-vision-for-affordable-energy-future/ 

 Quotes  

"It will take all forms of energy to meet growing electricity demand, but what we need right now are affordable, clean and reliable solutions that are quickly deployable, flexible and scalable. Wind and solar energy are the most affordable sources of new electricity generation that can be built today, in Ontario, across Canada, and around the world. CanREA's members are ready to deliver the cost-effective, scalable and flexible wind, solar and energy-storage solutions Ontario customers need."   
Vittoria Bellissimo, President and CEO, Canadian Renewable Energy Association (CanREA)

"For Ontario, a new energy vision and a long-term integrated energy plan will help ensure that the entire energy sector is rowing in the same direction. Together, we can reduce both costs and emissions while driving Ontario's economic growth."
 Eric Muller, CanREA's Director for Ontario  

Contact:

Communications
Canadian Renewable Energy Association
communications@renewablesassociation.ca 

About 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. We work to create the conditions for a modern energy system through stakeholder advocacy and public engagement. Our diverse members are uniquely positioned to deliver clean, low-cost, reliable, flexible and scalable solutions for Canada's energy needs. 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 Vision."