Alberta broke its renewable energy market; 2026 will decide if it can be fixed
Two years ago, Alberta led Canada in corporate renewable energy procurement. Companies across sectors chose Alberta to decarbonize their electricity through virtual power purchase agreements. These deals brought investment, jobs and millions in municipal tax revenue to communities across the province.
Today, that market has essentially vanished. After falling 95 per cent from 2023 to 2024, corporate renewable energy deals in Alberta dropped another notch in 2025, bringing the cumulative decline to a staggering 99 per cent. Meanwhile, across the country, Nova Scotia has quietly emerged as Canada’s new corporate renewables leader.
The consequences extend far beyond cancelled projects and delayed contracts. In 2025, more than 800 MW of construction-ready solar projects and 300 MW of wind projects cancelled their connection requests. These weren’t speculative ventures; they were shovel-ready projects with millions already invested.
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The province added only 38 MW of solar in 2025, the smallest growth since 2019. New wind development has stalled completely. For the first time since 2018, Alberta went an entire year without adding wind capacity. In a sad reversal, total........
