Juan de Fuca Power Cable

Rank 2024


Image Credit: Wikipedia.org

Industry Sector: Energy

Project Type: Transmission

Project Value: $665 million

Funding Source: Private

Private Funding: $665 million

Province: British Columbia

City / Region: Victoria, British Columbia to Port Angeles, Washington

This 550-MW electricity transmission line will be the first international power connection across the Strait of Juan de Fuca. The 50-kilometre line will link Vancouver Island with the Olympia Peninsula region in Washington State, 30 kilometres of which will be underwater. The bi-directional cable will increase speed and efficiency of transmission between Canada and the United States, an issue for certain types of fluctuating renewable energy, such as wind and solar.

The cable will use state-of-the-art transmission technology and will improve reliability of the electricity supply with minimal environmental impact. All technical studies are complete and permits in place.

Project Owner: Sea Breeze Power

Project/Construction Manager: Sea Breeze Power and Boundless Energy JV

Other Key Players: Aon (risk/insurance advisor to authority)

Financiers and Banks: Energy Investors Fund

2018 Rank: 73

2017 Rank: 69

2016 Rank: 71

2015 Rank: 73

2014 Rank: 68