Clean Energy: Hydro-Quebec and Brookfield Renewables Sign 40-Year Deal

A 40-year escalating electricity purchase deal between Hydro-Québec and Evolugen, the Canadian operating division of Brookfield Renewable, was announced today. Hydro-Québec will acquire the output of the Lièvre hydroelectric plant in Quebec with 263 MW of capacity from Evolugen. 

With the ongoing energy revolution, renewable base load electricity generation is likely to grow rapidly in the next years. Hydro-Québec is contracting the capacity of four generating stations located along the Rivière du Lièvre in Outaouais to meet this demand. The facilities will contribute 1.5 TWh yearly, the energy required by over 90,000 houses.

“With this strategic agreement, we are adding capacity and renewable energy to our supply in a context of increasing demand in both Québec and neighbouring markets. The opportunity to purchase output from reliable hydroelectric generating stations that are currently in operation and already connected was appealing for many reasons. This agreement is particularly useful for us during winter peaks,” said Vice President at Hydro-Québec, Pierre Despars.

“We are pleased to sign a strategic agreement with our long-standing partner, Hydro-Québec, to contract our Lièvre assets for the next 40 years. This agreement offers a sustainable and Québec-based solution to meet Hydro-Québec’s growing renewable energy demand,” said Josée Guibord, CEO of Evolugen, the Canadian operating business of Brookfield Renewable. “Our team works hand-in-hand with customers to provide tailored clean energy solutions, like this one, that fit our customers’ objectives and reduce their exposure risk.”

Evolugen’s Lièvre fleet will be integrated into Hydro-generation Québec’s planning, also offering US market priority access rights.

Original source material for this article taken from here