Opportunities in Alberta's Renewable Energy Sector

Alberta has a proven potential for large-scale investments in wind, solar energy, hydro and biomass due to the deregulated electricity market and the Government of Alberta’s commitment to transitioning to renewable energy sources for electricity.

By 2030, renewable sources like wind and solar will account for 30 per cent of electricity generation. Alberta will accomplish this transition with policies that fit with the province’s unique energy market to ensure that the electricity system continues to be reliable. Alberta is well positioned to capitalize fully on clean, renewable energy sources.

With plenty of sunshine, wide-open spaces, and sources of bio-feedstock, as well as renewable energy-geared incentive programs, Alberta is a great place for renewable energy developers and investors.

Government Initiatives, Programs and Incentives

Renewable Electricity Program

The Renewable Electricity Program, administered by the Alberta Electric System Operator (AESO), will solicit investment to add 5000 megawatts of renewable energy capacity by 2030.

To be eligible for support within the program, projects must:

  • Be based in Alberta
  • Be new or Expanded
  • Be five megawatts or greater in size
  • Meet the Natural Resources Canada definition of renewable sources

More details about this program will be available later this year.

For more information, visit: https://www.aeso.ca/market/renewable-electricity-program/

Micro-generation Regulation

The Micro-generation Regulation under the Electric Utilities Act enables Albertan to offset their electricity use by generating electricity with systems that use alternative or renewable energy sources, up to a capacity of 1 megawatt.

Work is also underway to improve Alberta’s rules around smaller-scale electricity generation, including micro-generation. The Government is currently considering how make it easier for individual Albertans and communities to create their own renewable energy.

Alberta’s Energy Efficiency Advisory Panel, led by Dr. David Wheeler, is consulting with Albertans as part of the panel’s work to develop recommendations on energy efficiency and small-scale electricity generation programs. More information will be available in 2017.

The Alberta Utilities Commission developed Rule 024 to define the business rules and processes for customers interested in connecting their micro-generation systems to the distribution grid.

To become a micro-generator in Alberta, visit: http://www.auc.ab.ca/involving-albertans/micro-generation/Pages/default.aspx

Alberta Municipal Solar Program

The Alberta Municipal Solar Program provides financial rebates to Alberta municipalities that install photovoltaic systems that are greater than or equal to 2 kilowatts and less than or equal to 1 megawatt on municipal land or facilities.

To apply for this rebate, visit: http://www.mccac.ca/programs/AMSP

Investment Programs

Alberta Investor Tax Credit (AITC)

AITC is a 30 per cent tax credit for investors who provide capital to Alberta companies in sectors such as information technology, clean technology, health technology, interactive digital media and game products is available.

Applications for this tax credit will be accepted beginning January 2017.

Learn more by reading the Government of Alberta AITC Press Release.

Capital Investment Tax Credit (CITC)

CITC is a 10 per cent tax credit up to $5 million provided to companies to encourage investment and support job creation.

Applications for this tax credit will be accepted beginning January 2017.

Learn more by reading the Government of Alberta CITC Press Release.