Alberta Joins Solar/Wind Bust (uneconomic energy hits political risk)
“Why not state your real concern in plain English. ‘The profitability of my company and others in the renewable energy business is being negatively impacted by the refusal of the citizens of Alberta (aka ‘the government’) to financially subsidize transmission.”
David Vonesch of the Canadian Renewable Energy Association, posted on social media:
A $408M write-down of ATCO’s wind and solar projects and development pipeline! Alarm bells are ringing loudly now but is anyone listening?
While the solar and wind industry has seen our concerns largely fall on deaf ears within government and at the Alberta Electric System Operator (AESO), this should be a major wake up call for ALL Albertans that want to see investment of ANY kind in this province. Material, punitive and retroactive – Alberta is writing the book on how to kill investment: “provincially legislated changes … have materially and retroactively altered the economic conditions under which these renewable assets were developed and financed,” the ATCO company said.
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The post Alberta Joins Solar/Wind Bust (uneconomic energy hits political risk) appeared first on Master Resource.
Source: https://www.masterresource.org/solar-bankruptcies/alberta-joins-solar-wind-bust/
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