AESO Opens Rounds 2 And 3 Of Alberta's Renewable Electricity Program

On March 29, 2018, the Alberta Electric System Operator (AESO) launched Round 2 and Round 3 of the Renewable Electricity Program (REP) with a request for Expressions of Interest (REOI). As detailed in a previous update, REP Round 2 has a procurement target of up to 300 MW and successful proponents must have a minimum 25% Indigenous equity ownership. REP Round 3 does not have a prescribed ownership requirement and has a procurement target of up to 400 MW.

REP Round 2 was developed to encourage the greatest participation by Indigenous communities, create the greatest degree of competition among respondents, and provide the lowest cost for Albertans. Other than the differences described in this update, both REP Rounds 2 and 3 will mirror the key features of REP Round 1. The Government of Alberta and the AESO appear optimistic that the successful pricing from Round 1 will also be repeated.