RE:RE:RE:ALBERTA UPDATEAnother point of interest is that there is a carbon offset protocol available for project developers to use in
Alberta (3rd protocol from bottom on the list of approved protocols). The grid displacement factor in Alberta is listed as 0.59 t CO2e/MWh. Assuming a solar project developed by Greenbriar is 50 MW in size with a conservative capacity factor of 0.2, the project would generate 51.7 tonnes of carbon offsets per year. Assume conservatively a 5% reduction in offsets to account for energy use for project operations -- that would give us a total of 4.9 tonnes of offsets. The price of carbon as per the federal Greenhouse Gas Pollution Pricing Act is expected to increase to $50 by 2022. This means this project can bring in $2.45M annually just from selling the offsets alone. Obviously at some point, solar projects will no longer meet additionality requirements to generate offsets but hopefully Jeff will develop these solar projects while the protocol is still in effect.