Canadian REA forecasts ‘bright’ future despite challenging 2020

Although Canada is a relatively nascent solar market compared to the U.S., the country relies heavily on hydropower for its clean energy and has even implemented federal and provincial goals to phase out coal use for electric power generation.

As for other types of renewables, the Canadian industry is growing and shows great promise.

At least that’s the conclusion that can be drawn from a new report by the Canadian Renewable Energy Association (CanREA). The group said that Canada’s wind, solar, and energy storage sectors ended 2020 in a strong position, with the industry ready to expand significantly in 2021.

“Despite the challenges posed by the global pandemic, Canada ended 2020 with a total wind capacity of 13,588 MW, a total solar capacity of roughly 3,000 MW, significant growth in energy storage, and a positive forecast for 2021,” said Robert Hornung, president and CEO of CanREA.

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