Canada’s renewable energy capacity is set to climb from 19.6 GW in 2021 to 45 GW in 2025, with the majority of the new additions taking place in Alberta.
- Aug 08, 2022, 2:00 PM CDT
Alberta’s unregulated power market, abundant natural resources, and skilled energy workforce make it a prime location for new projects.The Canadian province of Alberta, home of the country’s oil and gas sector for decades, is set to undergo a renewable energy capacity surge in the coming years, attracting investments given its vast natural resources and favorable regulatory landscape.
The bulk of these additions is set to take place in the western province of Alberta – known as the home of the Canadian fossil fuel industry – which today only holds about 3 GW of renewable capacity. Significant large-scale projects in the region are scheduled to come online this year that will push Alberta’s capacity to close to 10 GW before 2023. That total will double again by 2025, reaching almost 21 GW, nearly half of the country’s total.
“Canada is no stranger to renewables, but Alberta has been a minor player until now. That’s about to change. The region’s unregulated power market, minimal regulatory hurdles and abundant natural resources make it an attractive prospect for developers, in addition to an existing workforce of industry professionals increasingly eager to adapt to green energy.
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