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Record Low Auction Prices at Renewable Electricity Program

Calgary, AB, Canada / RTBN
Record Low Auction Prices at Renewable Electricity Program

Renewable electricity in Alberta will keep power affordable thanks to record low auction prices and strong investor confidence.

Three companies have been chosen in the opening round of the Renewable Electricity Program which will result in 1 billion dollars of private sector investment in green power generation.

The successful bidders will add approximately 600 megawatts of renewable power, or enough to power up to 255,000 homes.

This is expected to create 740 jobs and by 2030 attract at least $10 billion worth of investment into the Alberta economy.

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