Value
VariesDescription
Alberta will add 5,000 megawatts of renewable energy capacity by 2030 through the Renewable Electricity Program, run by the Alberta Electric System Operator (AESO).
To meet this firm target, investment in Alberta’s electricity system will be solicited through a competitive and transparent bidding process, while ensuring projects come online in a way that does not impact grid reliability and is delivered at the lowest possible cost to consumers.
The program complements Alberta’s initiative to phase-out coal pollution to ensure system reliability is maintained at all times.
Eligible Applicants
To be eligible for support within the Renewable Electricity Program, projects must:
- Be based in Alberta
- Be new or expanded
- Be five megawatts or greater in size
- Meet the definition of “renewable electricity” contained in the Renewable Electricity Act (0.5 MB)
Successful projects will be privately funded and supported by reinvesting a portion of carbon revenues from large industrial emitters. In addition, safeguards will be in place to ensure that the process is fair and transparent.
Eligible Expenses
Three successful bids from the first round of competition were announced Dec 13, 2017.
Round one set a record for the lowest renewable electricity pricing in Canada with a weighted average price of 3.7 cents per kilowatt-hour. By comparison, the weighted average price for Ontario’s large renewable procurement in 2016 was 8.5 cents per kilowatt-hour.
The successful companies will develop 600 megawatts of renewable electricity, enough to power 255,000 homes. This is 200 megawatts more than planned due to better-than-expected bid prices from developers.
Projects will be operational by the end of 2019.
Deadline Date
Currently closed. Future deadline to be determined.Contact
Contact Name: Renewable Electricity Program (REP)
E-mail Address: rep@aeso.ca
Website: https://www.alberta.ca/renewable-electricity-program.aspx
