In this partner post from the Canadian Wind Energy Association (CanWEA) blog, Policy Director Tim Weis discusses the impact of Alberta’s new government on wind energy development.
For the first time in over four decades, Alberta elected a new government on May 5th 2015 bringing in to power the NDP for the first time in the province’s history. This historic change in power also brings with it the potential for clean energy opportunities in the province as it looks to lower its emissions and improve its environmental public image.
While wind energy has grown in Alberta to just over 1,400 MW, the vast majority of these projects have had out of market support that have unlocked investment and financing. Without some degree of revenue predictability, the capital intensive nature of renewable energy projects such as wind will remain at a market disadvantage in Alberta, in spite of wind energy now being one of the lowest cost options for new electricity supply. Several market forecasts have found the current market will lead to gas becoming the overwhelming electricity supply in Alberta. This challenge was recognized in Alberta almost a decade ago, a renewable and alternative framework has been discussed to overcome some of these challenges since 2007, yet nothing ever became of it. …Read more at CanWEA’s blog.
Header image source: “2N0A3837” by donvoaklander is licensed under CC BY-NC-ND 2.0