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  1. Market Data
January 4, 2022

Merritt Green Energy Project, Canada

By Carmen

Merritt Green Energy Project is a 40MW biopower project. It is located in British Columbia, Canada. The project is currently active. It has been developed in single phase. Post completion of construction, the project got commissioned in 2018.

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Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Biopower 40 40 Active British Columbia, Canada Veolia Energy North America Holdings

Description

The project was developed by Veolia Energy North America Holdings. Fengate Capital Management and Veolia Energy North America Holdings are currently owning the project.

The project generates 285GWh electricity and supplies enough clean energy to power 40,000 households, offsetting 95,000t of carbon dioxide emissions (CO2) a year. The project cost is $235m.

The process of combustion has been adopted in this project to release the stored energy from the feed. Wood by-product is used as a feedstock to power the project.

Development Status

The project got commissioned in 2018.

Power Purchase Agreement

The power generated from the project is sold to BC Hydro under a power purchase agreement for a period of 30 years.

Contractors Involved

Iberdrola Ingenieria y Construccion SAU was selected to render EPC services for the biopower project.

Siemens Canada was selected as the steam turbine supplier for the project. The company provided 1 unit of Siemens SST-400 turbine with 40MW nameplate capacity.

FSE Energy supplied steam boiler for the project. The boiler installed at the site has a capacity of 139.371TPH.

Veolia Energy North America Holdings is the O&M contractor for the project.

About Veolia Energy North America Holdings

Veolia Energy North America Holdings, Inc. (Veolia Energy North America) is an energy efficient solutions provider. The company offers five types of solutions such as district energy, combined heat and power (CHP) and cogeneration, energy plant operations and maintenance (O&M), renewable energy, and special services. Its district energy solutions include end-to-end solutions that combine heating and cooling systems and associated services. The company’s CHP and cogeneration solutions design, build, own, operate and maintain electrical and thermal energy power plants. It offers services to enhance the overall performance of thermal, electrical and mechanical equipment under energy plant O&M solutions. Veolia Energy North America also offers renewable energy sources such as biomass, biogas and solar energy. The company’s special services include complex industrial system maintenance to hospital services and public lighting. Veolia Energy North America is headquartered in Boston, Massachusetts, the US.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
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Enter your details here to receive your free Report.

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