Canada Wind EnergyCompanies (2024 - 2029)

Canada Wind Energy Market Companies Summary

The wind energy market in Canada is experiencing a significant growth, driven by factors such as new wind projects, declining costs of wind technologies, and additional subsidies on wind energy systems. However, the underdeveloped power grid in Canada is expected to hinder the market growth. Nevertheless, the commitment of Canada under the 2015 Paris Agreement on Climate Change to reduce greenhouse gases by at least 80% below 2005 levels by 2050 is expected to provide a better opportunity for the wind energy market. The onshore segment is projected to dominate the market, with several onshore wind energy projects under operation and others in the planning and construction phases. The government's focus on expanding and liberalizing the electricity market by opening the industry to private and foreign investments is expected to further drive the onshore wind energy market. Upcoming projects and investments in wind energy are also likely to drive the market. The country is looking for opportunities and potential locations across national boundaries for new projects. The wind energy market in Canada is semi-consolidated, with major players in the market contributing significantly to its growth.