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In 2016, the Province of Alberta passed the Renewable Electricity Act, cementing its commitment to increasing the amount of green energy produced in Alberta, with a goal of 30 percent of Alberta s electricity coming from renewable sources by 2030. Since that time, the number and size of renewables projects in Alberta, particularly utility-scale wind and solar projects, have grown rapidly. In 2022, Alberta accounted for over three-quarters of all new wind and solar capacity growth in Canada, and the Alberta Electric System Operator AESO has projected that renewables will account for 30 percent of the Province s generation by 2026. ....
The industrial real estate sectors in Calgary and specifically, Rocky View County, and Edmonton, have experienced a consistent demand for both purchase and lease transactions over the past several years. This is driven by a combination of factors. Calgary and Edmonton have a strategic position within western Canada and is a thriving hub for supply networks such as air, rail including intermodal hubs and roads. Rocky View County stands out as a high area of demand in Alberta, largely due to its favorable location, supply and property tax rates thus making it an attractive destination for large bay industrial projects. ....