00:08:16 EST Sat 14 Dec 2024
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Capital Power Corp
Symbol CPX
Shares Issued 129,927,882
Close 2024-08-06 C$ 43.41
Market Cap C$ 5,640,169,358
Recent Sedar Documents

Globe/CP say TransAlta, rivals see green projects nixed

2024-08-06 07:56 ET - In the News

See In the News (C-TA) TransAlta Corp

The Globe and Mail reports in its Saturday, Aug. 3, edition that analysis shows Alberta's seven-month moratorium on renewable power approvals led to cancelled projects and legal uncertainty. A Canadian Press dispatch to The Globe reports that Pembina Institute says in a report released Friday that 53 wind and solar projects were abandoned after the United Conservative Party government paused approvals for seven months then failed to clarify new rules for those developments. The capacity of the cancelled projects adds up to more than 8,600 megawatts of generation -- more than enough to power every home in Alberta, the report says. Many of those projects would have come with substantial storage capacity. Another 42 projects have delayed their in-service date by an average of 15 months. The province -- once Canada's hotbed of renewable activity -- has seen three new projects come before its system operator since the moratorium was announced Aug. 2, 2023. One of the report's authors, Will Noel, says, "No one that wasn't already in Alberta is looking at Alberta." TransAlta boss John Kousinioris said in May that his company walked away from 300 megawatts of renewable generation because of the restrictions.

© 2024 Canjex Publishing Ltd. All rights reserved.