Monday, May 5, 2008

Hydro-Québec: $5.5 Billion for 2004 MW Wind!!!

From the Globe and Mail:

Hydro-Québec has accepted 15 bids from companies offering to provide the provincial utility with a total of 2,004 megawatts of wind-generated electricity that would come on stream between 2011 and 2015 if final approvals are reached.

The average price is 10.5 cents per kilowatt-hour and the projects involve estimated capital outlays totalling $5.5-billion, including $1.1-billion for transmission infrastructure, Hydro-Québec said Monday....MORE

From Reuters:

...Winning bidders included a consortium led by Boralex Inc (BLX.TO: Quote, Profile, Research) and Gaz Metro Ltd (GZM_u.TO: Quote, Profile, Research), which got approval for two projects with a total installed capacity of 272 MW.

Boralex said the consortium had teamed up with closely held wind turbine manufacturer Enercon GmbH, which planned to set up a components plant in Quebec. Continued...