Alberta minister says 'Wild, Wild West' wave of development triggered pause on renewables yyc yycbiz ableg abpoli Column by ChrisVarcoe:
Projects that have already been approved can continue moving forward.“It is very disappointing and it’s very important that we minimize the pause. I am worried about investor confidence,” Canadian Renewable Energy Association“Alberta is going to see a lot of pressure to get this right — and get it right very quickly. And if it doesn’t, we’re going to see investment and jobs flow to other jurisdictions very quickly.
The province’s deregulated power market allows companies to build new renewable projects and sell the electricity, along with associated renewable energy credits, to corporate customers through power purchase agreements. Earlier this year, the Business Renewables Centre Canada reported corporate procurement of renewable projects had topped $4.7 billion in investment over the past decade.
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