Alberta will add 5,000 megawatts of renewable energy capacity by 2030 through the Renewable Electricity Program, run by the Alberta Electric System Operator (AESO).
To meet this firm target, investment in Alberta’s electricity system will be solicited through a competitive and transparent bidding process, while ensuring projects come online in a way that does not impact grid reliability and is delivered at the lowest possible cost to consumers.
The program complement Alberta’s initiative to phase-out coal pollution to ensure system reliability is maintained at all times.
It's estimated $10.5 billion in new investment will flow into the provincial economy by 2030, creating at least 7,200 new jobs for Albertans as projects are built.
The first competition of the Renewable Electricity Program opens with the AESO Request for Expressions of Interest stage on March 31, 2017.
The first competition will see investors bidding to provide up to 400 megawatts of renewable electricity. The competition:
- is open to all renewable technologies, with lowest cost qualified projects receiving support
- will support an indexed renewable energy credit payment mechanism
- requires supported projects to be operational by the end of 2019
- offers 20 year contract terms consistent with international norms
- requires projects to connect to existing transmission or distribution infrastructure to avoid indirect costs to electricity consumers
For more information about the competition, please visit the Alberta Electric System Operator.
To be eligible for support within the Renewable Electricity Program, projects must:
- be based in Alberta
- be new or expanded
- be five megawatts or greater in size
- meet the definition of "renewable electricity" contained in the Renewable Electricity Act (0.5 MB)
Successful projects will be privately funded and supported by reinvesting a portion of carbon revenues from large industrial emitters. In addition, safeguards will be in place to ensure that the process is fair and transparent.
For more information, please visit the Alberta Electric System Operator.
New jobs, investment to come from renewables (March 24, 2017)