Banana Republic’ Alberta Risks Losing Its Lead in Renewable

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‘Banana Republic’ Alberta Risks Losing Its Lead in Renewable Energy Development

[ https://www.theenergymix.com/banana-rep ... velopment/ ]

March 1, 2024 Primary Author: Mitchell Beer

PHOTO: Just another "pristine viewscape. Photo: Brad Smith/flickr

Alberta is at risk of losing its standing as Canada’s go-to destination for renewable energy investment, as continuing uncertainty after its seven-month project moratorium collides with other provinces’ growing embrace of technologies like solar, wind, and battery storage.

Before the provincial government sprung a sudden moratorium last August on renewable energy projects over a megawatt in size, Alberta accounted for 92% of Canada’s new solar and wind capacity. By the time the seven-month pause ended with a provincial announcement Wednesday, multiple investors had shifted their gaze to jurisdictions with more predictable rules and regulations, with at least one developer writing the province off as a “banana republic”.

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