Alberta's seven-month pause on approving new renewable power projects has caused four major international companies at various development stages to stop work on their plans, an industry official said.
One of the international companies that has paused its work had applied to build a renewable power project in the province, said Jorden Dye, acting director of the Business Renewables Centre, a Calgary-based organization that matches renewable developers and buyers.A third company delayed plans to secure Calgary office space, while a fourth was making preliminary inquiries about investing in Alberta before deciding to wait, he added.
Along with domestic firms, foreign companies like Berkshire Hathaway's BHE Canada, EDF Renewables and Enel Green Power generate renewable power in Alberta. Companies have invested nearly $5 billion since 2019, according to the Pembina Institute. Calgary-based BluEarth Renewables is reviewing the 400 megawatts' worth of early-stage wind and solar projects it was considering for the province, although it has no projects currently in Alberta's approval queue, said CEO Grant Arnold.
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