New Participation Rent Policy
View the new Wind Policy ( 125KB)
Ministry of Energy, Mines and Petroleum Resources (MEMPR) is responsible for implementing a new participation rent policy for wind energy projects.
On October 14, 2005, Minister Richard Neufeld announced the policy, which offers flexibility and incentives for wind power producers to proceed with capital investment.
Created in consultation with industry, the wind power policy includes the following features:
no participation rents for the first ten years of commercial operations, and a sliding scale rate formula based on annual electricity production starting in year eleven ranging from one to three percent of gross annual revenues;
- one percent of gross revenue when the annual production factor is less than 25 per cent; and
- three percent of gross revenue when the annual production factor is greater than or equal to 40 per cent.
When the annual production factor is greater than 25 per cent but less than 40 per cent, the rent will range on a sliding scale from one to three per cent. A sliding scale participation rent will ensure a fair return to the Province while being sensitive to the actual production characteristics of individual projects. A provincial review of the rent-free phase will occur in 2010, but any changes that come will not affect projects that are already in commercial operation.
For a copy of the News Release about the new wind energy participation rent policy, pleaseclick on the link above.
For information about tenuring wind energy projects, visit the Ministry of Agriculture and Lands.