Provincially owned BC Hydro granted 30-year electricity purchase agreements to nine new wind projects on Monday. The projects are expected to generate 5,000 gigawatt hours per year of electricity—which could power 500,000 new homes, according to a press release. They will require $5 billion to $6 billion of private capital spending. (The Logic)
Talking point: The announcement comes amid uncertainty around what Trump’s policies south of the border will look like. “We’ll see what decisions the new administration makes around clean energy,” B.C. Premier David Eby said. Eby touted B.C.’s move in light of Alberta’s new regulations on wind and solar projects after Alberta pledged to take an “agriculture first” stance with its renewable policy. Alberta’s biggest trade partner is the U.S., and the province’s premier last month joined a U.S. pact to address gaps in their energy security.