If you are considering a microFIT project, don’t hesitate to contact Flanagan and Sun to discuss your options.
The IESO announced that version 4.0 of the microFIT Program is planned to open on June 21, 2016.
Version 4.0 microFIT program rules, contract, prescribed forms and supporting documents will be posted on that date. The IESO has been able to accelerate the timeline from the originally announced launch date of July 2016.
From June 19, 2016 to June 21, 2016, all functions of the My microFIT Home Page will be unavailable to allow for the necessary updates to be made for version 4.0. The My microFIT Home Page will be returned to full service after noon on June 21, 2016.
As a reminder, any active application that has not received an Application Approval Notice by the time version 4.0 is released will be terminated. If you would like to continue with your project, you may reapply under version 4.0, and you will be required to provide completed version 4.0 prescribed forms when you submit your new application.
Previous Updates …
April 6, 2016
Minister Chiarelli issued a ministerial directive to the IESO to provide direction for the microFIT, FIT and LRP programs.
Here are some highlights:
- microFIT applications will not be accepted after December 31, 2017 (policies will be implemented to transition to Net Metering projects instead)
- The total procurement target for FIT 5 projects will be 150MW as well as any unused procurement from microFIT and previous FIT iterations. Application window TBA but before September 1, 2016
- The Large Renewable Procurement (LRP) target will be 600MW for wind energy, 250MW for photovoltaic, 50MW for hydroelectric, and 30MW for bioenergy