This news is classified in: Sustainable Energy Wind
Mar 16, 2023
Hydro-Québec has accepted seven bids for a total of 1,303.36 megawatts (MW) of installed capacity under the two calls for tenders launched on December 13, 2021. One of the calls for tenders was for a block of 480 MW from renewable energy sources and the other one was for a block of 300 MW generated from wind power. The selected projects will help meet Québec’s growing demand for electricity.
Energy deliveries must begin no later than December 1, 2026.
The accepted bids are distributed as follows:
Five bids in the call for tenders for the acquisition of 480 MW of power output from renewable sources, totalling 495.2 MW, i.e., nearly 1,000 MW of installed capacity overall.
Two bids in the call for tenders for the acquisition of 300 MW generated from wind power, totalling 302.32 MW of installed capacity.
The average price of the accepted bids is 6.1¢/kWh (in 2022 dollars). This price does not include transmission or balancing.
Over the coming weeks, Hydro-Québec will finalize contracts with the project proponents. The contracts will then be submitted to the Régie de l’énergie for approval. The selected proponents will be responsible for obtaining all the approvals and permits needed to build the facilities prior to the start of work.
From the beginning of the call for tenders, Hydro-Québec has worked with Raymond Chabot Grant Thornton & Cie regarding the application of the tendering process, the awarding of power purchase agreements and bid evaluation.