Category: Energy Economics

Developing Utility Scale Renewable Energy Solutions

We believe energy is an essential currency in the world today

Energy Economics Development Corporation is committed to making a positive impact on the environment, but also creating economic growth and building social capital for everyone involved.

Rising from humble beginnings as a residential solar company, EE Development Corporation brings the same customer focused attention to utility scale solar projects. Developing solar projects in a variety of scales, we work across the supply chain to implement energy solutions for communities and organizations.

With over 100 MW of solar projects in development we work with partner communities to build long lasting relationships and make the communities stronger and more resilient. Solar farms provide the community with stable and consistent cash flows over decades.

Guiding Solar Farms from Idea to Reality

We work across the supply chain to create energy solutions

Energy Economics Development Corp solar farms are more than just energy projects; they are partnerships with the communities we serve.

We work closely with local stakeholders to understand their needs and priorities, creating opportunities for economic development, job creation, and education. By providing clean energy, we aim to empower communities, reduce energy costs, and foster a healthier environment for future generations.

From site selection, financing and engineering, to project execution, we are involved in every step of the process, ensuring that our projects meet the highest standards of quality and sustainability.

Specializing in Canadian Projects with First Nations as Majority Owners

A Commitment towards renewable energy and community empowerment

Energy Economics Development Corp. has a long history of working in partnership with First Nations communities, ensuring that our renewable energy projects deliver shared economic and social benefits.

Our approach to project development emphasizes meaningful collaboration, ensuring our partner communities are not only stakeholders but active participants in the economic growth generated by renewable energy assets.

Beyond ownership, we support First Nations by providing training, employment opportunities, and access to financing options.

Our experience in collaborating with First Nations communities ensures that the transition to renewable energy is both inclusive and impactful, contributing to economic reconciliation while advancing the province’s environmental goals. We are proud of our ongoing partnerships and remain committed to delivering projects that are rooted in respect for the land and people.

Link to Source: https://energyeconomicssolar.ca/energy-economics-development-corp/

First Nation-backed Vanderhoof solar farm proposed for BC Hydro Call for Power

Saik’uz First Nation is collaborating with Armstrong-based Energy Economics to sell power into the provincial grid
solar-panels
Solar panels in Vernon, B.C. Armstrong-based Energy Economics is partnering with Saik’uz First Nation to launch a solar farm near Vanderhoof. 
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Twenty-one First Nation-backed projects have submitted proposals to BC Hydro as part of its 2024 Call for Power initiative, aimed at addressing the growing electricity demand driven by increased electrification efforts. https://www.bpmcdn.com/files/texttospeech/7556765-6c63f8aa-ccda-429b-9e6e-0f1c7b382006.mp3

Several of these proposed renewable energy projects are located in northern B.C. They include solar initiatives in Vanderhoof and Quesnel, as well as, wind projects in Fraser Lake, Prince George, Iskut and Fort St. John, and a hydro project in Stewart among others.

Near Vanderhoof, Saik’uz First Nation is partnering with Armstrong, B.C.-based Energy Economics to launch the ‘Sazul Nahuyutsa’ solar farm project, aiming to produce energy for sale to BC Hydro.

‘Sazul Nahuyutsa’ (meaning “they store the heat of the sun” in Saik’uz Hubughunek), will feature a 61-megawatt (MW) solar farm with approximately 96,000 solar panels across 350 acres, Energy Economics announced on Sept. 24.

The project proposal has been submitted to BC Hydro which will select and approve bids by the end of this year, said Energy Economics spokesperson Jim Jacobsen.

BC Hyrdo rolled out its 2024 Call for Power after it recognized the electrification demands of the province to meet zero-carbon goals exceeded the Crown utility’s peak capacity as highlighted in its 2021 Integrated Resource Plan.

In Northern B.C., there is a significant growth in sectors such as ports, mining, hydrogen, technology, and liquefied natural gas, with industry stakeholders increasingly interested in using clean electricity.

So in April 2024, BC Hydro announced this call for power to secure clean and renewable energy, identifying a need for about 3,000 gigawatt hours (GWh) per year of additional energy by late fall 2028.

The requirements for the energy producers/projects are that they must be cost-effective clean energy initiatives capable of starting by fall 2028 and involve partnerships with First Nations.

By September 16, BC Hydro announced it had received 21 project proposals offering over 9,000 GWh per year of renewable electricity.

Jim Jacobsen stated the goal of their Vanderhoof solar-farm project is to secure a long-term electricity purchase agreement with BC Hydro, which would provide stable revenues for the next 30 years.

The project’s construction timeline is contingent on BC Hydro’s selection process. Proposals will be reviewed until December, with potential construction beginning in approximately two years if approved, Jacobsen said.  If not selected, the project could still proceed, but at a slower pace.

According to Jacobsen, BC Hydro’s call for power marks the first opportunity for independent power producers in 15 years after it identified the need for an additional 227,000 homes worth of power in the province.

Instead of building a major new hydroelectric dam such as Site C (which cost $16 billion), BC Hydro issued the call for power to independent producers that can provide the required power without the high upfront costs of building new large-scale generation infrastructure, Jacobsen explained.

The collaboration with Saik’uz First Nation was initiated when BC Hydro identified preferred power generation areas, including the Bulkley-Nechako region. Energy Economics reached out to Saik’uz to explore interest due to prior collaborations.

The call for power requires a minimum of 25 per cent First Nations equity, making this collaboration a strategic fit, Jacobsen said.

Once operational, the solar farm is expected to supply clean energy to about 6,000 homes and businesses, supporting local net-zero goals. The project is also anticipated to create job opportunities and promote educational and cultural initiatives during its construction, benefiting both Saik’uz and neighbouring communities.

Saik’uz First Nation will retain majority ownership of the solar farm and has the option to acquire full ownership, allowing for strategic decisions regarding the Nation’s economic future.

An exclusive presentation for Saik’uz members was held on September 12 at the community’s gathering place, featuring drumming, singing, and a public engagement session.

Saik’uz Nation Chief Priscilla Mueller said the community has been really receptive to the project.

“With recent mill closures in the area, this is an opportunity that will help our communities and the communities around us while creating minimal impacts to the land, ” Mueller said.

Link Source: https://www.ominecaexpress.com/local-news/first-nation-backed-vanderhoof-solar-farm-proposed-for-bc-hydro-call-for-power-7556765

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