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Finance committee  I think what you're going to see, in more and more calls for power, are lower-cost renewables coming in and working with existing generation fleets that are on track to accelerate our deployment. You're going to see us start to hit our generation targets as a country and see a lo

April 11th, 2024Committee meeting

Fernando Melo

Finance committee  I'm very excited for my members who are developing storage projects across the country. Simply put, you're actually making them a lot more bankable, so you can go to your large capital providers and say, “We have at least some guaranteed upfront return” and therefore you are able

April 11th, 2024Committee meeting

Fernando Melo

Finance committee  I can say that a lot of international players are starting to be a little hesitant to invest in Canada, given the recent changes to various provincial regimes as well as a lot of uncertainty around key market drivers for the renewables industry. That said, there are other effor

April 11th, 2024Committee meeting

Fernando Melo

Finance committee  Good afternoon, Chair. Thanks to you and this committee for inviting me to testify on behalf of the Canadian Renewable Energy Association, also known as CanREA. As part of this chamber study on Bill C-59, the fall economic statement implementation act, 2023, I would like to s

April 11th, 2024Committee meeting

Fernando Melo

Natural Resources committee  It all depends on the context. In jurisdictions like Alberta, which do have a credit system and a variety of other things layered and interwoven with their electricity system, it would really provide some certainty. We're less certain in other jurisdictions across Canada, just ba

October 4th, 2023Committee meeting

Fernando Melo

Natural Resources committee  I'd love to do that.

October 4th, 2023Committee meeting

Fernando Melo

Natural Resources committee  Not to sound like a broken record, but again, we need clarity on these policy tools and clarity on how we move forward. We have a number of members involved in projects on the east coast. We have a number who are involved on the west coast, and some who are even exploring in nort

October 4th, 2023Committee meeting

Fernando Melo

Natural Resources committee  Yesterday would be great, but I'll settle for sooner rather than later.

October 4th, 2023Committee meeting

Fernando Melo

Natural Resources committee  I can say that many provinces and system operators are issuing calls for power across this country or are preparing that. I can think of Ontario that has some. Saskatchewan has several, and the Province of Quebec is beginning its process as well. We have a very favourable integra

October 4th, 2023Committee meeting

Fernando Melo

Natural Resources committee  If we look at the 2023 Lazard cost of energy report, which primarily studies the U.S. but goes to North America, we see that firmed-up renewable electricity was the lowest-cost source of electricity. That is even lower than combined-cycle natural gas, or peakers, in terms of divi

October 4th, 2023Committee meeting

Fernando Melo

Natural Resources committee  We are incredibly supportive of those prevailing wages. We are simply asking for guidance for each jurisdiction, as we know there are some complexities in the way it has worked throughout Alberta and Saskatchewan, particularly, and in the way those labour agreements do structure.

October 4th, 2023Committee meeting

Fernando Melo

Natural Resources committee  We need to make sure that indigenous entities, be they communities, companies or individuals, can access an investment tax credit at an equal rate as their taxable partners. It is unfair to list otherwise.

October 4th, 2023Committee meeting

Fernando Melo

Natural Resources committee  I'd be more than happy to speak to the cost of reclamation, sir. We actually have a memorandum of understanding with the RMA, or the Rural Municipalities of Alberta. We are working quite closely with them on this issue and have been for years. I'm very excited to say that we are

October 4th, 2023Committee meeting

Fernando Melo

Natural Resources committee  The moratorium in Alberta was a disappointing mistake by the Government of Alberta. We're working with them through this inquiry, as we've been working with them throughout the process. We work with all governments as part of that regulatory process. As you rightly pointed out,

October 4th, 2023Committee meeting

Fernando Melo

Natural Resources committee  Our members are hearing that it is very difficult to acquire capital if you cannot build or cannot acquire permits. My members are really hopeful that we will be able to get back to this and get ready to go in February, but yes, my members are often asked where they're going to b

October 4th, 2023Committee meeting

Fernando Melo