Canada Renewables Report

Published 25 March 2015

  • 57 pages
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$1,295.00
Canada Renewables Report

BMI View: Although the Canadian non-hydropower renewables market continues to suffer from the lack of a coherent national strategy as well as the country' s ongoing focus on the hydrocarbon sector, both wind and solar power generation capacity has been growing steadily in 2015. As Canada crosse d the 10 -gigawatt ( GW ) mark in wind power capacity in June, the country is on schedule for reaching the 11GW mark by the end of this year. Similarly, solar power is expected to experience some 28% growth this year. However, in the long run, we continue to doubt that Canada will achieve its self-imposed emission reduction targets and also had to revise down our 10 -year forecast for non-hydro renewable growth. Low oil prices and little public support are further aspects weighing on incentives to exhaust Canada's true renewables potential.

Canada boasts vast wind resources and an even greater potential for all types of renewable energy, as well as a national target to overcome coal fired electricity generation and reduce the country's overall emissions. However, the country also suffers from a patchy commitment through jurisdictional fragmentation between the central government and the country's provinces; while Ottawa provides overall emissions targets, competencies over the precise energy mix and subsidy-schemes lie with the provincial governments. This has led to distinctive differences in governmental support of renewables among the provinces, in addition to the country's general high reliance on oil and gas as a major source of wealth and huge hydro electrical capacity.

Canada does nonetheless provide excellent investment opportunities, especially in the emerging in-stream tidal sector and wind, though is a laggard in adopting other renewable technologies at scale. Investing into purely green energy can, however, become difficult outside the government-owned ones as most companies developing renewables are also large hydrocarbon producers.

Non-hydro...

Table of Contents

BMI Industry View
5
SWOT
7
Industry Forecast
9
Canada Renewables Forecast Scenario
9
Table: Canada Total Electricity Generation Historical Data And Forecasts, 2013-2018
9
Table: Canada Total Electricity Generation Historical Data And Forecasts, 2019-2024
10
Table: Canada Electricity Generating Capacity, Historical Data And Forecasts, 2013-2018
12
Table: Canada Electricity Generating Capacity, Historical Data And Forecasts, 2019-2024
13
Table: Canada Geothermal Projects
23
Canada Renewables Projects Database
26
Table: Canada - Renewables Projects
26
Industry Risk Reward Index
35
Canada Renewables Risk/Reward Index
35
Rewards
35
Risks
36
Market Overview
37
Sustainable Energy Policy and Infrastructure
37
Targets
37
Subsidies
39
Table: Renewable Feed-In Tariffs In Canada, 2010
40
Infrastructure
42
Competitive Landscape
44
Glossary
50
Table: Glossary Of Terms
50
Methodology
51
Methodology And Sources
51
Industry Forecast Methodology
51
Sources
53
Risk/Reward Index Methodology
53
Table: Renewables Risk/Reward Index Indicators
55
Table: Weighting Indicators
56

The Canada Renewables Report researched at source contains BMI Research's assessment of the current renewables market in Canada. The report also contains historical data together with forecasts to end-2018 covering electricity generation (TWh) and electricity capacity (MW).

The renewables sectors covered in the report include Wind, Solar, Geothermal, Tidal and Wave, and Biomass (See Table of Contents for exact coverage). The report also features details on government green energy agendas and funding opportunities, as well as presenting a detailed list of key renewables projects currently being planned or undertaken in Canada, their capacity, the timeframe of construction and their current status.

The report discusses the various energy policies currently in force, including targets, subsidies and the relevant infrastructure developments or limitations which might impact on renewables growth, analysing the potential effects of regulatory changes in conjunction with the background macroeconomic outlook. Finally, there is a general overview of the competitive landscape in Canada, together with a detailed summary of the main utilities and manufacturers present and their business operations.

BMI's Canada Renewables Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with unique independent forecasts and competitive intelligence on the Canada renewables industry.

Key Benefits

  • Benchmark BMI's independent renewables industry forecasts for Canada to test other views - a key input for successful budgeting and planning in the renewables market.
  • Target business opportunities and risks in the Canada renewables sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in the country.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering the renewables market in Canada, regulatory changes, major investments and projects and significant multinational and national company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the renewables sector and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (2010-2012) and forecasts to end-2018 for electricity generation (TWh) and electricity generating capacity (MW) for each individual renewables sector present in the country.

These in turn are broken down into:

Electricity Generation: Overall capacity (TWh), growth % change year-on-year, KWh per capita, % of Total Non-Hydropower renewables generation, % of total electricity generation.

Electricity Capacity: Overall capacity (MW), growth % change year-on-year, % of non-hydroelectric renewables capacity and % of total capacity.

These forecasts are in turn supported by explicit assumptions, in conjunction with analysis of the key risks to the main forecast.

Business Environment Rankings

BMI's Renewables Business Environment Rankings provide fully comparable Risk-Reward Rankings aimed at investors in the regional renewables market.

The rankings methodology makes sophisticated use of various industry, economic and demographic data point.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc