Power sector investment in Canada will be heavily concentrated on the development of new hydropower and non-hydropower renewables capacity over our forecast period to 2028. Hydropower will remain the predominant source of the country'stotal electricity supply, as new large-scale facilities are brought online in the near to medium term. The thermal power sector willremain stagnant, as new gas-fired capacity is brought online at roughly the same rate at which coal-fired capacity is retired. Weexpect that there will be significant investment potential in the equipment supply and construction of new transmissioninfrastructure, as upgrades and expansion are necessitated by the ongoing development of new non-hydropower renewables capacity.
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