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TORONTO \u2014 Evan Pivnick, associate director of public affairs at Clean Energy Canada, made the following statement in response to the Ontario Independent System Electricity Operator\u2019s selection of 14 projects as part of its Long-Term 2 Energy Supply (Window 1)<\/a>:\u00a0<\/p>\n \u201cYesterday, the Independent System Electricity Operator announced the selection of 14 projects as part of its competitive, technology-agnostic procurement process. The projects were selected based on cost-competitiveness, and all are renewable. This procurement truly demonstrates the cost-effectiveness of renewable energy, not only around the world, but to power Ontario\u2019s future.<\/p>\n \u201cClean Energy Canada welcomes the announcement of the 12 solar and two wind energy projects, which will supply Ontario with 1,315 megawatts of affordable, clean energy\u2014enough to power more than 350,000 homes. This announcement from the IESO\u2014the first competitive procurement in over a decade\u2014is an important step toward embracing the opportunities that a clean electricity grid can provide.<\/p>\n \u201cOffering both affordability and energy security benefits to ratepayers, wind and solar are not subject to the geopolitical pressures that lead to insecure supply chains and seesawing fossil fuel prices. In a market where weighted wholesale prices swung from $25\/megawatt-hour to nearly $140\/MWh over the last 12 months<\/a>, locking in 20-year contracts at an average of $87.80\/MWh through an open and competitive process provides long-term price stability for households in the coming years as overall demand continues to rise.\u00a0<\/p>\n