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Home arrow Marketing Research News arrow Latest Market Research Findings arrow Study Shows Canada Hydropower Energy Ouput To Reach 85 GW By 2025
Study Shows Canada Hydropower Energy Ouput To Reach 85 GW By 2025 PDF Print E-mail
Written by Anand Srinivasan   
24 Aug 2015

Canada has been betting big on renewable energy and the results are already showing. According to a study published by GlobalData, hydropower will be responsible for half of Canada's energy output in the next decade. They project the production capacity in hydropower to reach 84.8 Gigawatts by 2025. For perspective, the country's installed capacity for hydropower in 2014 was approximately 77.6 Gigawatts.

It is not just hydropower that Canada is betting on. The study finds that other forms of renewable energy – including wind and solar – are on the country's radar too. Installed capacity of these two forms of renewable energy is expected to reach 24.9 GW and 6.9 GW respectively by 2025. In effect, besides hydropower, the installed capacity of wind, solar, biomass  and biogas is expected to reach 34.9 GW by 2025 – that's a 20.3% share of the total installed energy production capacity.

According to the publishers of the study, the future for hydropower looks exciting. According to senior analyst Chiradeep Chatterjee, “While installed hydropower capacity is expected to increase at a modest Compound Annual Growth Rate of 0.7%, a number of large hydropower projects are currently in the construction phase and the country has the infrastructure in place to cope with more than double its current hydropower capacity.” He points out that with rising concerns over carbon emissions, and with the possibility of outages on fossil fuel based plants, the growth in renewable energy installations should help the country meet its energy demands.

With rise in Canada's renewable energy infrastructure, there is also a growing demand from consumers for green energy. As a result, popular energy companies like Bull Frog Power and Just Energy have now been offering exclusive green energy plans to consumers (more information click here).

Given the vagaries of renewable energy like wind and solar power, Canada is now turning its focus on other forms of green energy that has a more predictable output. Last year, Ontario became home to North America's largest power plant that was fuelled entirely by biomass. The Atitokan power plant along with the rest of the power plants that were fuelled by coal till recently, source as many as 45,000 tonnes of wood pellets annually for electricity generation. The Ontario Power Generation company says the replacement of coal-fired power plants with alternatives is the equivalent of taking up to 7 million cars off the road.

The press release from Global Data can be viewed here .
 
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