Alberta Sees $18.4 Billion in Energy Spending in Shift From Coal

Alberta expects to invest about C$25 billion ($18.4 billion) into electricity generation through 2030 as it shifts away from coal-fired power, according to Margaret McCuaig-Boyd, the Canadian province’s minister of energy.

Coal-fired generation accounted for 51 percent of Alberta’s power mix in 2015, with renewables providing just 9 percent, McCuaig-Boyd said April 25 at Bloomberg New Energy Finance’s Future of Energy Global Summit in New York. By 2030, the province expects to have no coal-fired power and 30 percent renewable energy. Natural gas-fired generation would grow from 40 percent to 70 percent.

Alberta is taking steps to attract private investment, ...