The Globe and Mail reports in its Wednesday edition that the race to find winners from
Alberta's low-carbon policies is
on.
A Bloomberg dispatch to The Globe reports that companies poised to gain will
be those able to finance new wind
and solar power projects, as the
government boosts Alberta's
share of renewable electricity to
30 per cent from 9 per cent by
2030.
National Bank Financial analyst Patrick Kenny says, "These renewable power contracts
are going to go to the bidder
that needs the least amount of
government support, developers
with most financial flexibility and
overall lowest cost of capital"
such as Enbridge and TransCanada.
As much as $15-billion will have to be invested in
new electricity generation,
says National Bank.
Enbridge and TransCanada are
already among Canada's largest
renewable power operators.
TransAlta Renewables on Monday
said it would invest $540-million
in three of its parent's
projects, including renewable
energy, while Alberta Investment
Management Corp. bought
shares in the renewable division.
Energy companies with operations
outside Alberta will be better
placed to weather higher
carbon prices in the province,
such as
Crescent Point Energy.
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