Second round of renewable power projects to include Indigenous equity
CALGARY – A minimum component of Indigenous equity will be a prerequisite, in the second round of competition for renewable energy in Alberta.
Companies will be required to partner with Indigenous communities to provide 300 megawatts of renewable power, the province said in a news release and news conference Monday, Feb. 5. The equity can be in the form of an ownership stake or a land use agreement, ultimately creating jobs and economic benefits.
Environment minister Shannon Phillips said the NDP government’s plan is leading to more renewable energy investment while creating good jobs.
“Today’s announcement recognizes the valuable work of Indigenous communities in advancing our province’s transition to renewable energy,” Phillips said in a news release.