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ARTICLE · 11 APRIL 2018

Alberta Electric System Operator Launches Rounds 2 And 3 Of Renewable Electricity Program

Osler, Hoskin & Harcourt LLP
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On March 29, 2018, the Alberta Electric System Operator (AESO) launched Rounds 2 and 3 of its Renewable Electricity Program (REP).

CanadaEnergy and Natural Resources
Paula Olexiuk
Paula Olexiuk
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On March 29, 2018, the Alberta Electric System Operator (AESO) launched Rounds 2 and 3 of its Renewable Electricity Program (REP). 

The REP is intended to incentivize the development of renewable energy projects in Alberta through a series of competitive processes aimed at adding 5,000 megawatts (MW) of renewable generating capacity to the system. For  a general overview of the REP, please refer to our April 5, 2017 Osler Update.

For both Rounds 2 and 3, the Government of Alberta will provide price-indexed support payments to successful project proponents in the form of an Indexed Renewable Energy Credit (REC). Successful proponents will enter into Renewable Electricity Support Agreements (RESAs) to develop, finance, build, own, operate and maintain renewable energy projects. The RESAs will set out the terms and conditions governing the REC provided in exchange for renewable attributes from the projects.

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