Solar power is beating expectations in oil and gas rich Alberta, where the renewable energy source is poised to expand dramatically in the coming years as international power companies invest in the province.
The market triumph of renewable energy marks the biggest victory yet in the fight against global warming. Solar and wind are proliferating not because of moral do-gooders but because they’re now the most profitable part of the power business in most of the world. An industry that once relied on heavy subsidies and was propped up by government mandates is now increasingly standing on its own.
The government agency charged with making Alberta more energy efficient has injected $850 million of economic growth into the province since it began in 2017, and reduced greenhouse gas emissions by 5.7 million tonnes.