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Researched by Industrial Info Resources (Sugar Land, Texas)--Canada now ranks eighth in renewable energy investments, according to a report from Clean Energy Canada, part of the Centre for Dialogue at Simon Fraser University (Vancouver, British Columbia). The renewable power generation industry employs 27,000 people in the country and could have a breakout year if provincial governments will support renewable targets, such as what recently happened in Alberta, Saskatchewan and Quebec.
According to the Canadian Wind Energy Association (Ottawa, Ontario), renewable targets in Alberta, Saskatchewan and Quebec, (30%, 50% and 25%, respectively, by 2030), bode well for increased investment in renewable energy beginning this year.
Ontario leads the way in renewable energy projects, and the province plans to purchase another 600 megawatts (MW) of wind power to further its transition to a low carbon economy. It has recently awarded 16 projects in the latest competitive Large Renewable Procurement (LRP) program.
Ontario recently became the first province to surpass 4,000 MW of wind energy after adding to 871 megawatts in 2015 another 1,800 MW of contracted projects still planned for construction.
Canada generates about 60% of its electricity from renewable resources, mostly from hydroelectric, and non-water based renewables make up only 3% of that generation; it also has an abundance of renewable manufacturing capability such as solar panels and wind turbines.
Industrial Info is tracking 283 active renewable energy capital projects in Canada valued at more than $66 billion. This includes 213 grassroot projects valued at $59.2 billion. Hydroelectric is in the lead with 86 projects worth $35.7 billion, followed by wind generation with 77 projects valued at $20.4 billion and solar with 41 projects valued at $2.67 billion.
Last week, Canada's 13 first ministers released a declaration of clean growth and climate change that will move the country toward a pan-Canadian framework that would meet or exceed current international emission targets. This declaration would put Canada at the forefront of the global clean energy economy while creating opportunities to diversify the economy, open up access to new markets, reduce emissions and create jobs in the renewable energy field. For more information about the renewables sector in North America for this quarter, see February 16, 2016, article--North American Renewables Sector to See More than $17.5 Billion in Second-Quarter 2016 Kickoffs, Fueled by Tax Credits.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
According to the Canadian Wind Energy Association (Ottawa, Ontario), renewable targets in Alberta, Saskatchewan and Quebec, (30%, 50% and 25%, respectively, by 2030), bode well for increased investment in renewable energy beginning this year.
Ontario leads the way in renewable energy projects, and the province plans to purchase another 600 megawatts (MW) of wind power to further its transition to a low carbon economy. It has recently awarded 16 projects in the latest competitive Large Renewable Procurement (LRP) program.
Ontario recently became the first province to surpass 4,000 MW of wind energy after adding to 871 megawatts in 2015 another 1,800 MW of contracted projects still planned for construction.
Canada generates about 60% of its electricity from renewable resources, mostly from hydroelectric, and non-water based renewables make up only 3% of that generation; it also has an abundance of renewable manufacturing capability such as solar panels and wind turbines.
Industrial Info is tracking 283 active renewable energy capital projects in Canada valued at more than $66 billion. This includes 213 grassroot projects valued at $59.2 billion. Hydroelectric is in the lead with 86 projects worth $35.7 billion, followed by wind generation with 77 projects valued at $20.4 billion and solar with 41 projects valued at $2.67 billion.
Last week, Canada's 13 first ministers released a declaration of clean growth and climate change that will move the country toward a pan-Canadian framework that would meet or exceed current international emission targets. This declaration would put Canada at the forefront of the global clean energy economy while creating opportunities to diversify the economy, open up access to new markets, reduce emissions and create jobs in the renewable energy field. For more information about the renewables sector in North America for this quarter, see February 16, 2016, article--North American Renewables Sector to See More than $17.5 Billion in Second-Quarter 2016 Kickoffs, Fueled by Tax Credits.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
