Pursuing renewable projects in Alberta in 2021: 5 things you need to know
Canada
December 9 2020
Alberta is the fastest growing jurisdiction in Canada from the perspective of renewable power development. This is a result of, among other things, the strength of Alberta’s wind and solar resources, its unique deregulated wholesale electrical generation market, government incentives provided under the market-based
Technology Innovation and Emissions Reduction (TIER) regime and the abundance of electricity offtakers.
Renewable developers, offtakers and other market participants should be aware of the following five key developments in 2020.
1. Growth in demand for Power Purchase Agreements (PPAs) from private offtakers
Market activity for private PPAs in Alberta has increased materially in recent years, mainly as an environmental, social and corporate governance (ESG) strategy used by numerous significant offtakers. The PPA market has continued to be active throughout 2020, desp