BMI View: As we await non-hydropower renewables to set off in Alberta and Saskatchewan, the decision tophase out coal power generation by 2030 remains a strong driving force also affecting growth trends forhydropower and natural gas. In our 10-year forecast up until 2026 we, therefore, expect a gradual shiftaway from coal power, benefiting natural gas, and non-hydropower renewables, while hydro projectscontinue to dominate our project pipeline.
Latest Updates And Structural Trends
Lower than expected capacity increase in wind power in 2016 have increased natural gas growth levels.According to our updated data, wind capacity grew by 702MW in 2016, reaching 11.9GW of capacity,below our previous estimates. For 2017, we expect a slowing capacity growth rate of 6%, adding another714MW to the wind market.