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Article

10 May 2024

Author:
Jacob A. Sadikman, Paula Olexiuk, Sophie Amyot, Nathalie Beauregard, Jean-Christophe Leduc, Zeyad Aboudheir

Canada: BC Hydro Call for Power 2024 mandates indigenous equity ownership on projects on indgenous land

"BC Hydro's Request For Proposals Reinforces Foundation For Indigenous Participation In Clean Energy Future", 10 May 2024

On April 3, 2024, the BC Hydro and Power Authority (BC Hydro) issued a request for proposals (RFP) entitled BC Hydro Call for Power 2024 (BC RFP) to acquire approximately 3,000 gigawatt hours per year of electricity ...

BC Hydro collaborated with the First Nations Energy and Mining Council in designing the Call... The BC RFP and the EPA mandate equity ownership in the project of at least 25% on a pass-fail basis by one or more First Nations whose attributed territory encompasses the project...

The Call's stated objectives include affordability of electricity, a reliable power system to match British Columbia's growth, reconciliation with First Nations and clean and efficient electrification...

As part of the BC RFP process, project proponents must provide evidence of the economic participation of and consultation with one or more First Nations that the project potentially impacts..

Indigenous ownership is also mandated under Saskatchewan's Solar Generation Power Purchase Agreement between SaskPower and the supplier (SK PPA)....[which] mandates a minimum 10% First Nation equity ownership of a project for its entire supply period....

Indigenous participation in the energy transition is a key area of focus across the Canadian economy and appears poised to remain a key feature of provincial and territorial procurements of clean energy and energy transition assets for the foreseeable future.