Canadian wind power capacity to grow tenfold by 2015

OTTAWA, CANADA - Canada's installed wind power capacity is expected to grow nearly tenfold to 14,100 MW by 2015, according to a new study by Emerging Energy Research (EER).

After more than doubling in 2006 to 1468 MW, wind power investment is forecasted at some $18 billion (US$15.3bn) between 2007 and 2015. Annual development over the coming decade set to average 1,400 MW, according to EER's study, Canada Wind Power Markets and Strategies 2007-2015.

"In the past two years the Canadian wind power market has evolved from relative obscurity - an occasional diversion for wind turbine vendors struggling for market share in the USA - to become one of the world's largest and fastest growing wind power markets," says EER senior analyst Joshua Magee.

Driven largely by provincial utility RFPs, Canada added 784 MW in new installed wind power capacity in 2006, more than double the country's cumulative installed capacity of 684 MW through the end of 2005. Canada will contribute at least a quarter of North America's yearly growth through 2015, and 5 per cent of total annual global growth.

Quebec and Ontario will account for approximately 60 per cent of the total market through the forecast period, with strong growth in British Columbia expected in later years, according to EER's study.

"Long-term goals for greater use of renewable energy, across nearly all of Canada's provinces, has provided the necessary transparency for investment, with strong market fundamentals based on Canada's growing concern about its greenhouse gas emissions and energy security policy."

Related News

duke energy investment

Duke Energy will spend US$25bn to modernise its US grid

WASHINGTON - The US power group Duke Energy plans to invest US$25bn on grid modernization over the 2017-2026 period, including the implementation of smart grid technologies to cope with the development of renewable energies, along with US$11bn on the expansion of renewable (wind and solar) and gas-fired power generation capacities.

The company will modernize its fleet and expects more than 80% of its power generation mix to come from zero and lower CO2 emitting sources by 2030. Its current strategy focuses on cutting down CO2 emissions by 40% by 2030. Duke Energy will also promote energy efficiency and expects cumulative energy savings - based on…

READ MORE
texas grid improvements

5 ways Texas can improve electricity reliability and save our economy

READ MORE

gas fired electricity station

Balancing Act: Germany's Power Sector Navigates Energy Transition

READ MORE

hydro one

Hydro One extends ban on electricity disconnections until further notice

READ MORE

Drought, lack of rain means BC Hydro must adapt power generation

READ MORE