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Despite a sharp global economic downturn, green energy investments were strong in British Columbia between 2008 and 2009. A contributing factor for this was the Clean Power Call by BC Hydro, who are turning to renewable energy companies in an effort to fulfill British Columbia’s steadily increasing power requirements through clean and sustainable sources of green electricity. Investments in green energy enabled 43 renewable energy companies to submit 68 proposals for green electricity production.

Renewable Energy Business Grows in British Columbia

The Clean Power Call, made on June 11, 2008, was a BC Hydro initiative meant to kick start the renewable energy business in British Columbia, provide a source of green electricity, and take the province closer to electricity self sufficiency. Investors were optimistic about the future of green electricity and showed their confidence through investments in renewable energy companies. 43 green electricity companies from all over British Columbia raised the funds needed to submit proposals on November 25, 2008.

Wind and Hydro are BC’s Main Sources of Green Electricity

British Columbia’s mountainous geography and its location on Canada’s Pacific coast provides many opportunities for hydro and wind power, which were the basis of 64 of the 68 total green electricity proposals submitted. The remaining four proposals included two waste heat projects and one project each for biogas and biomass. In total, the 68 green electricity proposals received by BC Hydro represented about 17,000 GWh/year of total energy output.

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