Engagement SummaryHad some time to sit down and read material about the power call. Complicated to say the least.
CFP-Ph1-Engagement-Summary-Report-Consolidated.pdf (bchydro.com) On page 9, BC Hydro seeking projects that can deliver energy at the times most needed (winter). Will pay premium. The orange line shows existing IPP supply which falls off for 7 months. The only projects which could deliver the quantity and reliability required would be offshore wind.
But then BC Hydro will have to pay higher prices, page 20. Selecting a project is not simply getting the lowest price, but can include important non-monetary things.
Consortium of Nations could happen also. A project can have multiple First Nation owners.
For all projects, extra cost for delivering electricity to the grid. Not cheap to build transmission lines. Getting permits takes a long time.
Interesting for 2024. For Oceanic, getting a major developer on board is priority. That itself would be a vote of confidence. To be competitive, expensive offshore wind has to match onshore wind. Maybe it is possible.