The Globe and Mail reports in its Wednesday edition that the government of Alberta is signalling it will take many more months to resolve the regulatory and market uncertainty it caused last year when it stopped wind and solar investment.
The Globe's guest columnist Chris Severson-Baker writes that Alberta once had a head start on almost all new investment in renewable electricity in Canada. Now that is over. Developers are now proposing projects in B.C. and elsewhere. Alberta is on track to have its slowest year for power purchase agreements (PPAs) since 2019, with only one deal announced so far in 2024. Alberta is losing investment to B.C. Companies worldwide are making big deals for clean energy in 2024, purchasing 22.1 gigawatts in the first six months, over a third higher than the previous year. Texas, like Alberta in energy production, sailed through record-high energy demand this summer due to its embrace of renewable energy and battery storage. In Canada, B.C. and other provinces are attempting to copy the kind of power purchase agreements that generated rapid growth in Alberta. Almost everywhere clean energy producers look they see an open door. In Alberta, it feels like they have been shown the door.
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