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Hydro-Québec's average generation cost was 2.11 cents per kWh in 2011. [50] The company also purchases the bulk of the output of the 5,428-MW Churchill Falls generating station in Labrador, under a long-term contract expiring in 2025. [51]
In 1963 Hydro-Québec purchased the shares of nearly all remaining privately owned electrical utilities then operating in Quebec and undertook construction of the Manicouagan-Outardes hydroelectric complex. To transmit the complex's annual production of about 30 billion kWh over a distance of nearly 700 km (430 mi), Hydro-Québec had to innovate.
More recently, the cost of solar in Japan has decreased to between ¥13.1/kWh to ¥21.3/kWh (on average, ¥15.3/kWh, or $0.142/kWh). [133] The cost of a solar PV module make up the largest part of the total investment costs. As per the recent analysis of Solar Power Generation Costs in Japan 2021, module unit prices fell sharply.
In 2007, Canadian per capita electricity consumption was among the highest in the world, with a yearly average of 17MWh. [10] In 2017, the average annual electricity consumption per capita in Canada dropped to 14.6 MWh. Quebec had the highest annual consumption at 21 MWh per capita, while Nunavut had the least, 6.1 MWh per capita. [11]
[15] [16] In the United States, 70% of current coal-fired power plants run at a higher cost than new renewable energy technologies (excluding hydro) and by 2030 all of them will be uneconomic. [17] In the rest of the world 42% of coal-fired power plants were operating at a loss in 2019.
The spillway of the Robert-Bourassa Dam (formerly La Grande-2) The James Bay Project (French: projet de la Baie-James) refers to the construction of a series of hydroelectric power stations on the La Grande River in northwestern Quebec, Canada by state-owned utility Hydro-Québec, and the diversion of neighbouring rivers into the La Grande watershed.
The amount represents approximately 5% of Hydro-Quebec's estimated $80 billion (CAD) profits over the 50-years that the hydro-electric plant has been in operation. [21] Furthermore, the Innu Nation have united with First Nations in Canada and the United States to oppose Hydro-Québec's planned transmission line to Massachusetts.
Under the revised agreement, the sale would have transferred NB Power's hydroelectric and nuclear power plants to Hydro-Quebec for C$3.4 billion. The government of New Brunswick would have retained the transmission and distribution divisions of NB Power, and the Crown corporation would have entered into a long-term power purchase agreement (PPA ...