Five Projects to Invest $1.2 Billion in Alberta’s Renewable Energy Sector: Results of Rounds 2 & 3 of Renewable Electricity Program
The Government of Alberta announced the five successful projects from rounds two and three of its Renewable Electricity Program. The projects are expected to create 1,000 jobs and will result in the private sector partnering with First Nations communities to invest nearly $1.2 billion in Alberta’s renewable energy sector.
Round Two Recipients
The three successful round two projects include a minimum of 25% Indigenous equity ownership and will produce 360 megawatts of renewable energy, enough to power close to 150,000 homes at a weighted average rate of 3.8 cents per kilowatt-hour.
EDF Renewables Canada Inc. will partner with the Blood-Kainai First Nation to build the 202-202-megawatt Cypress Wind Power project, located near Medicine Hat.
Potentia Renewables Inc. will partner with the Paul First Nation and Greengate Power Corporation to build the 113-megawatt Stirling Wind project, located near Lethbridge.
Capstone Infrastructure Corporation will partner with the Sawridge First Nation to build the 48-megawatt Buffalo Atlee wind farms, located near Brooks.
Round Three Recipients
The two successful round three projects are expected to produce 400 megawatts of renewable energy, powering close to 170,000 homes at a rate of 4.0 cents per kilowatt-hour.
TransAlta Corporation will build the 207-megawatt Windrise project, located near Pincher Creek.
Potentia Renewables Inc. will build two phases of the Jenner Wind Project near Brooks, for a total of 193 megawatts.
All projects are expected to begin construction in 2020 and be operating by mid-2021.