Innergex Renewable Energy Inc. (TSX: INE) said Aug. 24 that it has begun commercial operation of the 40.6-MW Big Silver Creek run-of-river hydroelectric facility in British Columbia.
“We are proud to have commissioned our 43rd facility, reinforcing our leadership position among independent power producers in British Columbia and in Canada, with a gross installed capacity totalling 1,359 MW,” said Michel Letellier, President and Chief Executive Officer of Innergex.
The Big Silver Creek hydroelectric facility is located on public land, approximately 40 kilometers north of Harrison Hot Springs, British Columbia. Construction began in June 2014 and was completed in July 2016, earlier than expected and within the budget. The commercial operation certificate has been approved by BC Hydro with an effective commissioning date of July 29.
Big Silver Creek’s average annual production is estimated to reach 139,800 MWh. All of the electricity it produces is covered by a 40-year fixed-price power purchase agreement with BC Hydro, which was obtained under that province’s 2008 Clean Power Call Request for Proposals and which provides for an annual adjustment to the selling price based on a portion of the Consumer Price index.
Innergex is a leading Canadian independent renewable power producer. Active since 1990, it develops, owns, and operates run-of-river hydroelectric facilities, wind farms, and solar photovoltaic farms and carries out its operations in Quebec, Ontario, British Columbia, Idaho and France. Its portfolio of assets currently consists of: interests in 43 operating facilities with an aggregate net installed capacity of 817 MW (gross 1,359 MW), including 29 hydroelectric operating facilities, 13 wind farms, and one solar photovoltaic farm; interests in three projects under development or under construction with an aggregate net installed capacity of 146 MW (gross 257 MW), for which power purchase agreements have been secured; and prospective projects with an aggregate net capacity totaling 3,280 MW (gross 3,530 MW).