World : Canada’s Oil Capital Is Making the Leap Toward Renewable Energy

Clean energy is coming to Canada’s oil patch.

The government of Alberta -- home to the world’s third-largest oil reserves -- on Wednesday auctioned off 595 megawatts of renewable energy capacity to be built in the province. That exceeded the government’s target of 400 megawatts.

The process marks a major step for Alberta -- Canada’s largest consumer of coal and its second-largest producer of the fuel -- in its efforts to transition to all renewable and gas-fired generation by 2030. Rather than a change in direction, Alberta’s government billed the move toward renewables, part of its Climate Leadership Plan, as a continuation of the province’s leading position in energy.

“It’s an industry that’s going to continue to be at the core of who we are and what we do for many, many years to come,” Premier Rachel Notley said at a news conference.

The winning bidders were Capital Power Corp., which is planning a wind farm with 201 megawatts of capacity, EDP Renewables, which is developing a 248-megawatt project, and Enel Green Power SpA, which will build two wind farms with total capacity of 146 megawatts, according to an emailed statement. Combined, the wind farms can power more than 250,000 homes, officials said.

The weighted average bid was 3.7 Canadian cents (3 U.S. cents) a kilowatt-hour, the lowest price for wind power ever in Canada. Developers agreed to sell power for 8.5 Canadian cents a kilowatt-hour in an Ontario procurement last year.

 

Source : https://www.bloomberg.com/news/articles/2017-12-13/canada-s-oil-capital-is-making-leap-toward-renewable-energy

SMART GRID Bulletin December 2017


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