Saskatchewan and Alberta to spend $50 Billion on renewables

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
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Ontario leading the way yet again.


Billions expected to be spent on green energy in Alberta, Saskatchewan

With up to $50 billion to be spent on renewable energy projects in Alberta and Saskatchewan over the next 14 years, suppliers want details on how the money will be spent and which projects they can bid on.

The estimate came Thursday from David Hickey, of Siemens Canada's wind and renewables division, speaking at a panel in Calgary.

More than 400 renewable energy business leaders and bankers are in the city trying to figure how to get some of the billions governments will soon spend on renewable energy.

Alberta will unveil its program in the fall and begin accepting bids from the private sector by end of the year. It's currently reviewing a report by the Alberta Electricity System Operator (AESO) about how to have a competitive procurement process for renewables.

"In my office we actually have a saying around this, which is 'first pants, then shoes.' For some, we have been moving too quickly. For others, we haven't moved fast enough," said Alberta Environment Minister Shannon Phillips.

Billions expected to be spent on green energy in Alberta, Saskatchewan - Business - CBC News