CALGARY – The Alberta government plans to introduce legislation Thursday aimed at getting the province to its 30 per cent renewable power target by 2030.
The Renewable Electricity Act will set out a competitive process to add 5,000 megawatts of new renewable power capacity in that time frame.
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The province estimates the program will result in new investment of at least $10.5 billion and create 7,200 jobs.
The first round of bidding next year will be for 400 megawatts of renewable projects that would start up by 2019.
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Environment Minister Shannon Phillips says the winners of the initial phase will be ones that put forward the most viable and cost-effective proposals.
“These announcements will make Alberta the leading market for renewable energy in Canada,” she told reporters in Calgary.
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