Hydro-Québec will invest C$155 to $185 billion by 2035 and install 8,000 to 9,000 megawatts of new grid capacity, including 3,800 to 4,200 MW of new hydroelectric generation, under a new action plan released Thursday that pledges a decarbonized grid and a reliable, affordable power supply.
“Climate change is intensifying and we must take action,” President and CEO Michael Sabia said in a release. “Québec’s clean electricity will be the driving force of the energy transition,” under a sweeping plan to “replace fossil fuels by clean electricity, create sustainable prosperity, and place customers at the heart of our decisions.”