Alberta outlines long-term renewable electricity targets
Feb. 27, 2019 - The Alberta government has unveiled the latest long-term targets for its Renewable Electricity Program (REP) that aims for 30 per cent renewable electricity in the province by 2030.
By Maria Church
The program will add 5,000 MW of green generation, $10 billion in new private investment and the creation of 7,000 jobs by 2030. Of that 5,000 MW, 1,500 will be created by through Indigenous participation.
“We commend Premier Rachel Notley’s government for taking the meaningful action necessary to create jobs and attract new investment that fosters relationships between Indigenous communities and industry,” Guy Lonechild, CEO of the First Nations Power Authority, said in a news release. “This long-term plan provides the certainty needed to create lasting benefits in this sector for generations to come.”
Currently about 10 per cent of Alberta’s electricity generation comes through renewables. The new long-term targets are expected to provide greater certainty for investors.
The REP is funded entirely by revenues from Alberta’s carbon pricing system. Learn more here.