November 4 (SeeNews) – The government of Alberta, the Canadian province, will kick off its first renewable power competitive bidding process next year, seeking to procure up to 400 MW, it was announced on Thursday.
This would be the first auction under the province’s programme to add 5,000 MW of renewable power capacity by 2030 in order to reach a 30% share — a target known as “30 by 30”.
The Alberta Electric System Operator (AESO) will be in charge of the renewables programme. It will start gathering feedback from industry on draft commercial terms in the first auction on November 10.
Alberta noted that a portion of carbon revenues from large industrial emitters will be used to support financially the winners in the upcoming auction.
The government said it will soon introduce the Renewable Electricity Act that will make the 2030 target official and provide the legislative framework for the renewables programme. The scheme is expected to result in new investments of at least CAD 10.5 billion (USD 7.8bn/EUR 7bn) into the Alberta economy by 2030.
“This program is built on the recommendations from the AESO, who studied jurisdictions around the world to come up with the best possible program design in the interests of Albertans. This process will be competitive and transparent and will provide renewable electricity we need at the lowest possible price,” commented energy minister Margaret McCuaig-Boyd.
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