Release of Procurement Framework and Schedule Combined With Legislated Renewable Energy Target Positions Alberta to Attract Significant Interest from Wind Energy Investors
CALGARY, Nov. 3, 2016 /CNW/ - The Canadian Wind Energy Association (CanWEA) applauds the Alberta Government's announcement today that it will legislate its renewable energy target and initiate a process in November to procure the first 400 MW of the 5,000 MW of new renewable energy it will be seeking to ensure electricity from renewable energy meets 30 per cent of electricity demand in the province by 2030. Today's announcement was made by Alberta Environment Minister Shannon Phillips at CanWEA's Annual Conference and Exhibition in Calgary.
"Alberta's renewable energy target is ambitious and achievable and enshrining the target in legislation makes it clear to investors that Alberta will be Canada's largest market for new wind energy investment for at least the next decade," said Robert Hornung, CanWEA President. "Today's announcement of key details around Alberta's plans for procuring new renewable energy will convert the significant investor interest in the Alberta market into investor action – ensuring an extremely competitive procurement process that will reduce costs for consumers and maximize value for Albertans."
CanWEA looks forward to working with the Alberta Electric System Operator (AESO) to flesh out further implementation details of the procurement process and expects very strong participation from the wind energy industry in upcoming requests for information, qualifications and proposals.
"Alberta's massive wind energy potential represents a largely untapped and underutilized resource. With today's announcements, the Alberta Government has created an investment climate that will see significantly more interest and investment in the Alberta wind energy market than we have seen in the past – with the first new projects in the ground and operating by 2019," said Hornung.
Meeting Alberta's renewable energy targets with wind energy would result in over $10 billion of investment, creating thousands of construction jobs and hundreds of jobs in operations in maintenance. Wind energy projects will also provide significant economic benefits to rural communities in Alberta through property tax payments to municipalities and lease payments to landowners.
Wind energy has been the largest source of new electricity generating capacity in Canada over the last 10 years and its cost competitiveness, combined with the fact that it does not produce any greenhouse gas emissions, ensures that it will continue to play a growing role in electricity generation in Canada going forward.
About the Canadian Wind Energy Association
CanWEA is the voice of Canada's wind energy industry, actively promoting the responsible and sustainable growth of wind energy. A national non-profit association, CanWEA serves as Canada's leading source of credible information about wind energy and its social, economic and environmental benefits. Join us on Facebook, follow us on Twitter and LinkedIn. Learn more at www.canwea.ca.
SOURCE Canadian Wind Energy Association
Image with caption: "Provincial Environment Minister Shannon Phillips speaks at the Canadian Wind Energy Association's (CanWEA) 32nd annual conference and exhibition in Calgary, Alta. on Thursday, Nov. 3 2016. Bryan Passifiume/CanWEA (CNW Group/Canadian Wind Energy Association)". Image available at: http://photos.newswire.ca/images/download/20161103_C4919_PHOTO_EN_811580.jpg
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