Iberdrola began construction of a 590 MW solar park in southern Spain in 2019. The project delivered power in 2022. Cost per megawatt of capacity was about C$740,000.
In the northern Spanish province of Burgos alone, Iberdrola has built or is developing more than 550 megawatts between seven wind farms.
Together, these wind and solar projects have equal capacity to BC Hydro’s Site C project but at 1/10 or less the cost and 1/5 the construction timetable, without risk of being inoperable because of unstable foundations.
Having refused to install lower cost alternative power generating facilities, BC Hydro began construction of the 1,100 MW hydro dam known as Site C in 2015. The project may produce electricity by 2026. Cost per megawatt of capacity is about $15,500,000, although that number, which is almost double the original budget, has not been updated for two years and it excludes the hidden cost of submerging almost 25,000 acres of lands that include the best farmlands in northern BC.
This province’s public utility is now admitting that significant rate increases are coming because of Site C.
When the new Site C dam begins generating power in 2025, it will produce a major surplus of power that, without a significant increase in domestic sales, would require an initial 10% to 12% increase to power bills, according to BC Hydro’s recent rate requests to the BC Utilities Commission (BCUC).Vancouver is Awesome
Whatever happened to the “40 percent growth over 20 years” that BC Hydro had promised throughout a decade and a half of flat demand?