On March 31, 2017, the Alberta Electric System Operator (AESO)
kicked off the Request for Expressions of
Interest (REOI) phase of the Renewable Electricity
Program (REP) (described below). Proponents interested in
participating in the first round of the REP must submit their
completed Expression of Interest form (EOI Form) by April 21, 2017.
This Update includes a summary of the REP and an analysis of key
contractual terms of the Renewable Electricity Support Agreement
(RESA).
Renewable Electricity Program overview
The REP is intended to incentivize the development of renewable
energy projects in Alberta through a series of competitive
processes. The competitive processes are intended to meet the
legislative mandate in the Renewable Electricity Act, SA
2016 c R-16.5 (the Act) that at least 30% of the electrical energy
produced in Alberta is produced from renewable energy resources by
2030. An additional 5,000 megawatts (MW) of renewable generating
capacity will be