From The National Post:
Clean energy is coming to Canada’s oilpatch. At the lowest price ever for wind power in Canada.
The government of Alberta — home to the world’s third-largest oil reserves — on Wednesday auctioned off 595 megawatts of renewable energy capacity to be built in the province. That exceeded the government’s target of 400 megawatts.
The weighted average bid was 3.7 cents (3 U.S. cents) a kilowatt-hour, the lowest price for wind power ever in Canada. Developers agreed to sell power for 8.5 cents a kilowatt-hour in an Ontario procurement last year.
The process marks a major step for Alberta — Canada’s largest consumer of coal and its second-largest producer of the fuel — in its efforts to transition to all renewable and gas-fired generation by 2030. Rather than a change in direction, Alberta’s government billed the move toward renewables, part of its Climate Leadership Plan, as a continuation of the province’s leading position in energy.