Banana Republic’ Alberta Risks Losing Its Lead in Renewable
Posted: Mon Mar 04, 2024 2:47 pm‘Banana Republic’ Alberta Risks Losing Its Lead in Renewable Energy Development
[ https://www.theenergymix.com/banana-rep ... velopment/ ]
March 1, 2024 Primary Author: Mitchell Beer
PHOTO: Just another "pristine viewscape. Photo: Brad Smith/flickr
Alberta is at risk of losing its standing as Canada’s go-to destination for renewable energy investment, as continuing uncertainty after its seven-month project moratorium collides with other provinces’ growing embrace of technologies like solar, wind, and battery storage.
Before the provincial government sprung a sudden moratorium last August on renewable energy projects over a megawatt in size, Alberta accounted for 92% of Canada’s new solar and wind capacity. By the time the seven-month pause ended with a provincial announcement Wednesday, multiple investors had shifted their gaze to jurisdictions with more predictable rules and regulations, with at least one developer writing the province off as a “banana republic”.
MORE: . . . . .
[ https://www.theenergymix.com/banana-rep ... velopment/ ]
March 1, 2024 Primary Author: Mitchell Beer
PHOTO: Just another "pristine viewscape. Photo: Brad Smith/flickr
Alberta is at risk of losing its standing as Canada’s go-to destination for renewable energy investment, as continuing uncertainty after its seven-month project moratorium collides with other provinces’ growing embrace of technologies like solar, wind, and battery storage.
Before the provincial government sprung a sudden moratorium last August on renewable energy projects over a megawatt in size, Alberta accounted for 92% of Canada’s new solar and wind capacity. By the time the seven-month pause ended with a provincial announcement Wednesday, multiple investors had shifted their gaze to jurisdictions with more predictable rules and regulations, with at least one developer writing the province off as a “banana republic”.
MORE: . . . . .