Canada Renewables Q4 2019
Canada's mature power market will register slow growth - both in terms of electricity generation and consumption - overour forecast period to 2028. However, policy-driven coal power declines will free up opportunities for growth in the non-hydropower renewables sector, supported by regulatory mechanisms and targeted financing options. Its vast renewables projectpipeline indicates that wind and solar power will be the country's growth outperformers, motivated by the country'simmense natural power potential. We note that Canada's shifting market dynamics pose a downside risk to our forecasts, asgovernment seeks to prevent the deterioration of its existing hydropower industry's cost competitiveness amid declining solar andwind costs.
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