![]() Such projects have attracted companies as diverse as Labatt Breweries of Canada, Amazon, RBC, Shell, TC Energy and Microsoft to ink such deals.Įarlier this year, the Business Renewables Centre Canada reported corporate procurement of renewable projects had topped $4.7 billion in investment over the past decade. The province’s deregulated power market allows companies to build new renewable projects and sell the electricity, along with associated renewable energy credits, to corporate customers through power purchase agreements. And if it doesn’t, we’re going to see investment and jobs flow to other jurisdictions very quickly.”Īlberta has become a magnet for such projects in recent years, thanks to excellent wind and solar resources and a market structure that generally welcomes new private-sector electricity generation. “Alberta is going to see a lot of pressure to get this right - and get it right very quickly. I am worried about investor confidence,” Canadian Renewable Energy Association CEO Vittoria Bellissimo said Thursday, calling the move a mistake. “It is very disappointing and it’s very important that we minimize the pause. Projects that have already been approved can continue moving forward. This advertisement has not loaded yet, but your article continues below. “Some of the conversations we’ve had from some stakeholders say that right now, Alberta has a bit of a Wild, Wild West feel to it in this, because we’ve got so many coming and we want to make sure that we haven’t overlooked things.” “We wanted to start immediately on some significant issues that have been raised by industry, municipalities, individual landowners and even the AUC,” Neudorf said. Other matters will be examined, such as the impact of renewables “on Alberta’s pristine viewscapes,” the potential for mandatory reclamation security requirements for new renewable generation - such as bonds - and the effect of more wind and solar on the province’s generation supply mix and grid reliability.Ī wind farm near Fort MacLeod. ![]() In an interview, Neudorf said the government and AUC made the decision because of concerns voiced by the Rural Municipalities of Alberta (RMA), landowners and other players on a number of issues, including the rapid pace of development and use of prime farmland for such facilities. 29 of next year, is intended to give the commission time to review and establish policies surrounding granting approval to new renewable developments larger than one megawatt. ![]() The freeze, which kicks in Thursday and will extend until Feb. Activate your Online Access Now Article content If you are a Home delivery print subscriber, unlimited online access is included in your subscription. ![]()
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