Business Monitor International


Canada Renewables Report

Published 28 March 2014

  • 42 pages
 
$1,295.00
Canada Renewables Report

BMI View: We have maintained our forecasts for Canada's non-hydro renewables industry this quarter as our fundamental assumptions of the market remain in place. The wealth of natural potential Canada has to generate renewable-sourced electricity generation is vast; and we have seen developments across the renewable energy segments, including marine, solar, wind and biomass. However, the lack of a national policy framework or subsidy scheme for renewables is likely to hinder the industry reaching its full potential.

Although coal and hydropower remain fundamental sources of power for Canada, the Canadian government aim to incorporate greater levels of renewables into the energy mix in order to reduce carbon emissions (reducing greenhouse gas emissions by 17% by 2020, from 2005 levels).

Trends And Developments

  • It was announced in September 2013 that Canadian company Beothuk Energy plans to build an 180W offshore pilot project off the coast of Quebec, specifically in the Gulf of St Lawrence, at an estimated cost of US$228mn.

  • Canada-based Northland Power entered the commissioning phase for its 60MW McLean's Mountain wind farm in Ontario. The project is supplied with GE turbines and expected to go online in May 2014. The scheme is equally owned by Northland Power along with Mnidoo Mnising Power.

  • Due to the wealth of potential in the Bay of Fundy, Nova Scotia has stepped up efforts to exploit its marine renewables resources. It announced in January 2014 that the province had adopted new regulations for the tidal industry that will reportedly pave the way for project development across the region, including up to 20MW of trial tidal projects over the next seven years.

  • In February 2014, Germany-based WPD started building the Whittington and Springwood wind projects in the Canadian province of Ontario. The wind farms, with a joint capacity of 14.35MW, will be equipped with seven units of Senvion MM92 turbines. Both projects are likely to be commissioned...

Table of Contents

BMI Industry View
7
SWOT
8
Industry Forecast
10
Canada Renewables Forecast Scenario
10
Table: Canada Total Electricity Generation Historical Data And Forecasts, 2011 - 2016
10
Table: Canada Total Electricity Generation Long Term Forecasts, 2017 - 2022
11
Table: Canada Electricity Generating Capacity, Historical Data And Forecasts, 2011 - 2016
13
Table: Canada Electricity Generating Capacity Long Term Forecasts, 2017 - 2022
14
Canada Renewables Projects Database
21
Table: Canada - Renewables Projects
21
Industry Risk Reward Ratings
24
Canada Renewables Risk/Reward Ratings
24
Rewards
24
Risks
25
Market Overview
26
Sustainable Energy Policy and Infrastructure
26
Targets
26
Subsidies
27
Table: Renewable Feed-In Tariffs In Canada, 2010
28
Infrastructure
30
Competitive Landscape
31
Canada Competitive Landscape
31
BC Hydro
31
Hydro One
31
Maritime Electric
31
Ontario Power
32
Nova Scotia Power
32
SaskPower
32
Glossary
33
Table: Glossary of Terms
33
Methodology
34
Methodology and Sources
34
Industry Forecasts
34
Renewables Industry - Data Methodology
35
Power Risk/Reward Ratings Methodology
36
Table: Power Risk/Reward Indicators
38
Sources
39

The Canada Renewables Report researched at source contains Business Monitor International (BMI)'s assessment of the current renewables market in Canada. The report also contains historical data together with forecasts to end-2017 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-2017 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 Ratings

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

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

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