Lexpert Special Editions

Special Edition on Energy 2016

The Lexpert Special Editions profiles selected Lexpert-ranked lawyers whose focus is in Corporate, Infrastructure, Energy and Litigation law and relevant practices. It also includes feature articles on legal aspects of Canadian business issues.

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Page 21 of 43

22 LEXPERT | 2016 | WWW.LEXPERT.CA PHOTO: SHUTTERSTOCK How Much, How Fast Governments have gotten the ball rolling on climate change plans. How quickly those plans unfold — and what level of financial support they entail — remains to be seen By Bev Cline INVESTORS SEE LOTS of potential for innovation and a myri- ad of business opportunities in Canada's clean-tech and renewable energy space — not surprising given the momentous policy initia- tives coming from the provinces, such as Ontario's Climate Change Action Plan and Alberta's Climate Leadership Plan. At the same time, there's a wait-and-see nervousness. How exactly these plans and policies will unfold is unclear. And, if there's anything that makes investors nervous, it's uncertainty. To date, Ontario has been the poster child of renewables in Canada, with its aggressive pace of procurement. But Sarah Pow- ell, an environmental lawyer in Toronto, says her clients, primarily utility scale developers in the wind and solar sectors, are looking westward, shiing much of their interest to Alberta. ere's also interest in Saskatchewan, where the current climate strategy aims to double renewables by 2030. Over the next decade, this means a major expansion of wind, solar and hydro power in the province. e market in Ontario, says Powell, a partner at Davies Ward Phillips & Vineberg LLP, is both mature and saturated. In con- trast, we're seeing "a transformational moment" in Alberta and Sas- katchewan, says Powell, as they move away from their traditional reliance on coal-fired generation, which has always been their pri- mary electricity source. "Clearly the clock is ticking," says Powell. e question is, how quickly will these provinces move away from CLEAN-TECH & RENEWABLES

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