BC Hydro, British Columbia’s province-owned electric company, on March 11 selected 19 renewable projects to be built in the province as part of a request for proposals for renewable projects. The projects include five wind farms and 14 run-of-river hydro projects that will cost a total of about $3 billion. When complete, the projects will produce 2,400 GWh of electricity. BC Hydro is still considering 28 other renewable projects to meet the province’s goal of 5,000 GWh of renewable electricity.
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.