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Released April 08, 2015 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--BC Hydro and Power Authority's (Vancouver, British Columbia) $8.5 billion Site C hydroelectric project is the largest renewable energy project in North America. Following recent approval, construction is scheduled to begin in 2015. The project would generate 1,100 megawatts (MW), which is enough electricity for about 450,000 homes.
Bill Bennett, British Columbia's Minister of Energy and Mines, reaffirmed independent power production (IPP) after concerns were raised about its future in the wake of the Site C project. Following the completion of the Site C project, future generation would come from renewable wind, run-of-river hydroelectricity and solar power, according to Bennett.
Industrial Info is tracking 28 capital power projects in British Columbia, valued at $13.7 billion. This includes five transmission and distribution facility upgrades to improve grid reliability, valued at $820 million. Excluding Site C, the largest generation and transmission capital projects are the Ruskin Dam and Power Station hydro modernization project, valued at $748 million; the John Hart Power Station replacement project, valued at $1.14 billion; and the 500-kilovolt (kV) Interior to Lower Mainland transmission line project, valued at $725 million. All of the projects are owned by BC Hydro.
For related information, see December 31, 2014, article - Hydropower Accounts for 60% of Canada's Electricity.
Between 2014 and 2041, British Columbia's population is expected to grow from 4.62 million to 6.11 million. BC Hydro expects long-term electrical load growth of 1.7% annually during the next 20 years.
British Columbia has an abundance of renewable energy potential, with four areas offering more than 300 identified onshore and offshore wind energy sites. The province has more than 24,000 MW of potential wave and tidal energy, and potential solar photovoltaic power is 25% to 30% higher than some nations that now lead in solar power. Also, there are 16 areas with high- and medium-potential geothermal resources.
In addition, British Columbia produces more biomass-based energy than any other region in North America and accounts for 50% of Canada's biomass electrical generating capacity. Finally, the province has more than 30 small hydro projects under development.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
Bill Bennett, British Columbia's Minister of Energy and Mines, reaffirmed independent power production (IPP) after concerns were raised about its future in the wake of the Site C project. Following the completion of the Site C project, future generation would come from renewable wind, run-of-river hydroelectricity and solar power, according to Bennett.
Industrial Info is tracking 28 capital power projects in British Columbia, valued at $13.7 billion. This includes five transmission and distribution facility upgrades to improve grid reliability, valued at $820 million. Excluding Site C, the largest generation and transmission capital projects are the Ruskin Dam and Power Station hydro modernization project, valued at $748 million; the John Hart Power Station replacement project, valued at $1.14 billion; and the 500-kilovolt (kV) Interior to Lower Mainland transmission line project, valued at $725 million. All of the projects are owned by BC Hydro.
For related information, see December 31, 2014, article - Hydropower Accounts for 60% of Canada's Electricity.
Between 2014 and 2041, British Columbia's population is expected to grow from 4.62 million to 6.11 million. BC Hydro expects long-term electrical load growth of 1.7% annually during the next 20 years.
British Columbia has an abundance of renewable energy potential, with four areas offering more than 300 identified onshore and offshore wind energy sites. The province has more than 24,000 MW of potential wave and tidal energy, and potential solar photovoltaic power is 25% to 30% higher than some nations that now lead in solar power. Also, there are 16 areas with high- and medium-potential geothermal resources.
In addition, British Columbia produces more biomass-based energy than any other region in North America and accounts for 50% of Canada's biomass electrical generating capacity. Finally, the province has more than 30 small hydro projects under development.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
