Alberta’s flourishing renewable energy sector has had robust growth in recent years, fuelled by the enactment of the Renewable Electricity Act in 2016. This extended legislation underscores the province’s dedication to enhancing the production of green energy in Alberta, aiming for 30 percent of Alberta’s electricity to be generated from renewable sources by 2030.
The implementation of the Act has spurred an exponential growth in renewables projects across the province, notably in utility-scale wind and solar projects. A measure of the Act’s success, in 2022 alone, Alberta contributed to over three-quarters of all new wind and solar capacity growth across Canada.
Land leases for renewable energy projects have become an integral part of this expansion, as the province witnesses a surge in the number and scale of these projects. These leases play a crucial role in securing spaces for renewable energy project installations, thus facilitating Alberta’s target of harnessing renewable energy to its maximum potential.
For more detailed insights, you can read the full article by Bennett Jones LLP
on JDSupra.