Investment in wind and solar slows as companies seek more stable opportunities in other Canadian provinces, even though Alberta lifted a moratorium on new renewable energy projects eight months ago remains stagnant.
Kyle Bakx and Paula Duhatschek report for CBC.
in short:
Restructuring of Alberta’s electricity system continues to hinder investment in new renewable energy. Other provinces such as Quebec, Ontario and Saskatchewan are benefiting from increased interest in wind, solar and battery storage projects. Renewable energy developers cite continued uncertainty in Alberta’s energy policy as a key issue. Barriers to progress.
Main quotation:
“It’s just a wave of uncertainty and challenges hitting the market.”
— Sol Hutson, general manager of basic solutions at solar tracking company Nextracker
Why this is important:
Uncertainty in Alberta’s renewable energy policy is causing significant changes in investment and could slow the province’s transition to clean energy. Meanwhile, other regions are accelerating their renewable energy goals, widening the gap in green development.
Read more: Alberta’s environmental plan relies on green oil
