Ontario Power Generation Inc. (OPG)
Company description
Ontario Power Generation Inc. (OPG) is a government-owned company known as a Crown corporation and classified as a "government business enterprise." It plays a crucial role in producing approximately 50% of the electricity in the Canadian province of Ontario. The government of Ontario is the sole owner of OPG. The company utilizes various sources of electricity generation, including nuclear, hydroelectric, wind, gas, and biomass.
While Ontario has a competitive electricity market, the provincial government, being the sole shareholder of OPG, exercises control over the price at which the company sells its electricity. The government sets the price lower than the average market rate to maintain stability in prices. Since April 1, 2008, the Ontario Energy Board has been responsible for regulating OPG's rates.
Company details
Participation in projects
Projects as Project Owner per Country ()
Projects as Project Owner per Subsector ()
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The company has not participated in any projects.
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Company updates
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June 14, 2023
250 MW/1000 MWh Battery storage project awarded in Canada
Ameresco, Inc, in partnership with Atura Power, has been selected by the Independent Electricity System Operator (IESO) in Canada to build and operate a 250 MW, 1,000 MWh battery energy stor...
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May 05, 2020
CAD2.8bn acquisition of natural gas assets in Canada finalized
Ontario Power Generation Inc. (OPG), under a new subsidiary that will be doing business as Atura Power, has finalized the acquisition of a portfolio of combined-cycle natural gas-fired plants in Ontar...
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June 26, 2019
I Squared Capital to sell 385 MW hydro platform to Ontario Power Generation
Ontario Power Generation (OPG) has announced it has entered into an agreement to acquire Cube Hydro through its U.S. hydroelectric platform. Cube Hydro is an operator of small and medium-sized hydropo...
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March 16, 2019
Ontario utility to build 44 MW solar park on Lake Erie shores
The old Ontario Power Generation Nanticoke Generating Station, the once North America's largest coal-fired power plant located on the shores of Lake Erie, was re-purposed for a 44 MW solar farm. Const...
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October 21, 2016
Ontario Power Generation achieved project financing for Lower Mattagami hydro projects
Ontario Power Generation Inc. (OPG) has reached the financial close of a CAD220 million (US$167 million) private placement bond offering to complete the project financing for the redevelopment and exp...
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