Launch—Canada’s Renewable Energy Market Outlook 2025: Wind. Solar. Storage.
Webinar presented by CanREA and Dunsky Energy + Climate Advisors September 16, 2025, 1-2 p.m. ET
The Canadian Renewable Energy Association (CanREA) and Dunsky Energy + Climate Advisors (Dunsky) proudly present their much-anticipated report, “Canada’s Renewable Energy Market Outlook 2025: Wind. Solar. Storage.”
This new annual publication presents a comprehensive forecast and analysis of the future costs and market outlook for wind energy, solar energy and energy storage technologies across Canada, as well as the latest insights on all the planned provincial procurements.
Discover the key growth drivers and learn about the potential roadblocks you cannot overlook when shaping your future business strategy.
Leonard Kula Vice President of Policy—Eastern Canada and Utility Affairs, CanREA
As CanREA’s Vice President of Policy—Eastern Canada and Utility Affairs, Leonard Kula leads CanREA’s policy development and government relations team in Ontario, Quebec and Atlantic Canada, as well as oversees the Operators Program, the Behind-the-Meter (BTM) Program and CanREA’s Utility GRID Program. Leonard was previously the Chief Operating Officer at Ontario’s Independent Electricity System Operator where he was responsible for real-time market and system operations, power system engineering functions, generation resource procurement, transmission and resource planning, and market development. Leonard holds an MBA (York University), as well as a MASc (University of Waterloo) and a BSc (University of Calgary) in Mechanical Engineering. He is based near Toronto.
Ahmed Hanafy Partner, Dunsky Energy + Climate
Ahmed Hanafy is a Partner at Dunsky where he supports utilities, power producers, governments and other actors across North America with their efforts to accelerate and navigate the energy transition. Combining deep technical knowledge with strategic foresight, Ahmed has guided numerous clients through the critical intersections of technical, policy, regulatory and strategic issues within the evolving electricity sector. Drawing on expertise in renewable energy, energy storage, Distributed Energy Resources (DERs) and other emerging technologies, his work informs and shapes clients’ corporate strategy, system planning, project development and policy/regulatory initiatives. In addition to leading and contributing hundreds of mandates at Dunsky, his expertise is built on prior experiences working on emerging utility business models, renewable energy policy, energy markets and other related issues. Ahmed holds a bachelor’s degree in electrical engineering and an MBA from McGill University (Canada) as well as a master’s degree in energy science from ETH Zurich (Switzerland).
CanREA Golf Tournament—Alberta
July 16, 2025 Blue Devil Golf Course Calgary, AB
CanREA hosted another successful installment of its Golf Tournament Series on July 16, 2025, at the Blue Devil Golf Course in Alberta. This event highlighted CanREA’s efforts to foster collaboration and networking within Alberta’s renewable energy sector.
Nearly 140 industry leaders, professionals and enthusiasts from across Alberta’s renewable energy and energy storage landscape, and beyond, converged on the course for a day filled with camaraderie (and a little competition).
Representatives from CanREA member companies, as well as key stakeholders in the renewable energy industry, seized the opportunity to strengthen existing relationships and forge new partnerships amidst the greenery of the golf course.
A special word of appreciation to our Sponsors—Goldwind, NES Fircroft, Panedell, Firefly, PCL, MLT Aikins, Spark Power, Recon Metal, Prairie Sky.
Congrats to all of our day’s award-winning individuals and teams for their outstanding performances and memorable moments on the course.
CanREA wishes to thank all our sponsors, participants and everyone who contributed to making this event a success.
Electricity Transformation Canada 2025
October 6-8, 2025 Toronto, Ontario
Join us at Electricity Transformation Canada 2025, Canada’s premier clean-energy conference and exhibition. Learn from industry experts, network with your peers, discover innovative technologies and position your business for success at ETC 2025!
As the flagship event powered by the Canadian Renewable Energy Association (CanREA), in collaboration with partners RE+ Events and the Italian German Exhibition Group, ETC is poised to inspire dialogue, inspire innovation and drive growth within Canada’s clean energy industry.
Delve into a rich program featuring captivating keynotes, engaging workshops and dynamic discussions, led by industry luminaries and trailblazers. ETC delivers invaluable insights into the latest advancements across the landscape, charting the course for your business’s success in a rapidly evolving market.
The second annual Clean Power Finance Canada–CanREA Summit, held in downtown Toronto in June 2025, brought together more than 200 clean power professionals, investors and policymakers for a full day of high-level discussions on financing the energy transition in Canada.
Hosted by Presenting Sponsor CIBC, this exclusive, one-day event is the only Canadian conference dedicated to bridging the gap between the clean power sector and the finance and investment community. Attendees explored the emerging opportunities—and growing complexities—of financing clean energy projects across the country.
Clean energy developers, asset owners, investors and finance professionals gathered in Toronto to share insights on project financing and Canada’s evolving energy market.
Vittoria Bellissimo, President and CEO of CanREA, and Roman Dubczak, Deputy Chair of CIBC Capital Markets, opened the day with welcoming remarks that set the tone for the Summit’s finance-forward discussions.
Caption: CanREA’s Vittoria Bellissimo and CIBC’s Roman Dubczak kicked off the Clean Power Finance Canada–CanREA Summit with opening remarks.
The keynote address, “Powering Canada’s Future: Financing the next generation of renewable energy,” was delivered by Sashen Guneratna (CIB), who spoke about emerging investment pathways and overcoming barriers in clean energy finance.
Caption: Sashen Guneratna (CIB) delivered the morning keynote address, emphasizing the need to unlock capital for Canada’s energy transition.
The opening plenary, “Global trends, local impacts: How will international trade and energy policies affect Canada’s clean energy markets?,” moderated by Michelle Chislett (Northland Power), explored how global trade and energy policies are shaping Canadian markets. Panelists James Brooks (CIBC), Elizabeth Kaiga (DNV) and Ryan Lax (Torys LLP) provided macroeconomic insights with local implications.
Caption: The opening plenary panel explored how international finance and policy trends are shaping clean energy opportunities in Canada.
The program then split into two parallel sessions. The “Cutting edge: Financing emerging clean power technologies” panel, moderated by Eric Visser (Vancity Community Investment Bank), examined financing strategies for emerging clean technologies like green hydrogen and long-duration storage. Speakers included Jeff Messner (Novus Earth), Scott Keating (Trillium Power Wind Corp.), Frank Davis (Pattern Energy) and Sonal Shah (Hydrostar Inc.).
Meanwhile, “Mapping the political landscape: Policy insights for Canada’s clean power industry,” moderated by Ahmed Irfan (RBC), brought together political experts Sandra Aubé (Tact Conseil), Chris Benedetti (Sussex Strategy Group), David Herle (Rubicon Strategy) and Mark Cameron (Glenfinnan Consulting) to assess Canada’s shifting policy terrain and its implications for clean energy development.
Caption: Leading political strategists discussed federal and provincial policy landscapes and what’s next for clean energy infrastructure in Canada.
After lunch, the panel on “Indigenous equity financing: Funding opportunities for clean energy partnerships,” moderated by Cherie Brant (Borden Ladner Gervais), addressed the persistent barriers Indigenous communities face in accessing capital for clean energy projects. Panelists Sashen Guneratna (Canada Infrastructure Bank), Shaun Fantauzzo (First Nations Major Projects Coalition), Crystal Nicholas (Wskijinu’k Mtmo’taqnuow Agency) and Andrew Kennedy (Capstone Infrastructure Corporation) explored financing tools, investment models and strategies to support equitable Indigenous participation in the energy transition.
In parallel, the panel “Seeing green: The future of the ITCs, financing tools & optimizing claims,” moderated by David Warner (EDF Renewables), offered practical insights into Canada’s evolving Investment Tax Credit landscape. Panelists Jennifer Majid (LCAB), Rayna Narayansingh (National Bank of Canada), Brony Fong (KPMG Canada) and Dan Jankovic (Blake, Cassels & Graydon LLP) discussed how developers and investors can optimize claims, leverage new financial instruments, and avoid common pitfalls in clean energy project financing.
Caption: Finance experts unpacked how ITCs and other tools can unlock billions in clean energy investment.
In the late afternoon, the panel “Charge forward: Financing energy storage,” moderated by Niru Thambirajah (CIBC Capital Markets), examined the financial and regulatory landscape for energy storage across Canada. Panelists Michael Kaufman (Aypa Power), Rob Lydan (Phoventus) and Jake Sadikman (Osler, Hoskin & Harcourt LLP) shared insights into investment models, market structures and the policy frameworks needed to unlock the full potential of energy storage solutions.
At the same time, the “Big Tech: Power-hungry and driving clean electricity investment” panel, moderated by Thomas Timmins (Gowling WLG), explored how the rapid growth of AI and data centres is reshaping electricity demand in Canada. Panelists Patrick Lo (Microsoft), Ray Fakhoury (Amazon Web Services), Strahan McCarten (eStruxture Data Centers) and David Devereaux (IESO) discussed the implications for power procurement, infrastructure planning, and clean energy investment.
Caption: Speakers shared how big tech’s growing electricity demands are accelerating clean power investment across Canada.
The final set of panels addressed both risk management and market outlook. In “Risk and return: Innovative insurance solutions for clean energy projects,” moderator Jen Aitchison (Hub International) led a dynamic discussion on how insurance is evolving to meet the needs of the clean energy sector. Panelists Paul Turner (Hub International), George Schulz (New Energy Risk), Fraser Roberts (INTECH Risk Management) and Kapil Kalra, CFA (Vancity Community Investment Bank) shared innovative approaches to mitigating capital risk, protecting revenue streams, and unlocking more affordable financing.
Simultaneously, CanREA and Dunsky Energy + Climate Advisors offered an exclusive preview of their upcoming report, Canada’s Renewable Energy Market Outlook 2025. Moderated by Jackie Forrest (ARC Energy Research Institute), the session featured insights from Ahmed Hanafy (Dunsky), Leonard Kula (CanREA) and Evan Wilson (CanREA). Together, they provided an early look at key market forecasts, provincial procurement plans, technology cost trends, and other critical data shaping the future of wind, solar and energy storage in Canada. The full report will be officially launched during a CanREA-hosted webinar in September 2025.
Caption: CanREA and Dunsky previewed their 2025 market outlook for wind, solar and storage in Canada.
The day concluded with a closing keynote from Ontario Minister Sam Oosterhoff, who shared insights on the province’s evolving role in Canada’s clean energy transition.
Caption: Minister Sam Oosterhoff offered closing remarks on Ontario’s clean energy strategy.
Vittoria Bellissimo, CanREA’s President and CEO, then returned to the stage to deliver closing remarks, thanking attendees and reinforcing the critical role of collaboration between the finance and clean power sectors.
Attendees then transitioned to CanREA Connects – Ontario, the highly anticipated Summer Solstice networking reception.
Thank you
Thank you to our sponsors for their generous support in making CanREA’s event a resounding success.
Caption: Wesley Johnston from CanREA with James Brooks from CIBC.Caption: Wesley Johnston from CanREA with Robert Lydan and Tatiana de Souzza Lima from Phoventus.Caption: Anna Moser, Timothy Burke, Elizabeth Kaiga, Benjamin Zanetti from DNV, with CanREA’s Wesley Johnston.Caption: Isabel Taylor, Wesley Johnston (CanREA) Alex Newhook, and Ahmed Hanafy form Dunsky Energy + Climate Advisors.Caption: (From left to right) Dan Schwartz, Tyler Ferguson, Pirannavan Logeswaran, Kapil Kalra, Eric Visser, Wesley Johnston (CanREA) and Alfred Lee from Vancity Community Investment Bank.Caption: Radha and Jean Habel from CanREA with Joel Veenstra and Arthur Arnold- PCL Construction.Caption: CanREA’s Jean Habel, Kevin Linnane from Goldwind and Theo Peters from Vensys Energy Inc.Caption: Rim Assaad, Rachelle Lynne-Davies and Scott Gerylo from Compass Energy Consulting.
CanREA Connects—Ontario
June 25, 2025 Toronto, Ontario
The CanREA Connects—Ontario “Summer Solstice” networking reception, held after the Clean Power Finance Canada–CanREA Summit, offered a prime opportunity for nearly 300 professionals driving Ontario’s renewable energy future to connect in Toronto. This event was an ideal setting for networking with those dedicated to advancing clean energy in Ontario while discussing the challenges and opportunities that lie ahead.
Thank you to CIBC for hosting the reception.
CanREA Golf Tournament—Ontario
May 29, 2025 Royal Woodbine Golf and Country Club (195 Galaxy Blvd, Toronto, ON M9W 6R7)
CanREA hosted another successful installment of its Golf Tournament Series on May 29, 2025, at the prestigious Royal Woodbine Golf and Country Club in Toronto. This event highlighted CanREA’s efforts to foster collaboration and networking within Ontario’s renewable energy sector.
Nearly 100 industry leaders, professionals and enthusiasts from across Ontario’s renewable energy and energy storage landscape, and beyond, converged at the Royal Woodbine Golf and Country Club for a day filled with camaraderie (and a little competition).
Representatives from CanREA member companies, as well as key stakeholders in the renewable energy industry, seized the opportunity to strengthen existing relationships and forge new partnerships amidst the greenery of the golf course.
The day began bright and early as participants arrived for registration at 7:30 a.m., greeted by warm smiles and a sense of excitement in the air. By 8 a.m., teams hit the course with a shotgun start, embracing the scramble format and working together to navigate the fairways with skill and camaraderie. After a spirited morning of play, everyone gathered for a well-earned BBQ lunch, where tournament prizes were awarded by CanREA’s Ontario Director Eric Muller and the CanREA Ontario team, and participants reconnected over shared stories and the latest developments in renewable energy.
A special word of appreciation to our Sponsors—Volthium, PCL Construction, AWG and Phoventus—for their support and for elevating the fun on the green with creative and engaging challenges.
Photo: Volthium energized the green with a challenge that tested both skill and focus.Photo: PCL Construction sparked friendly competition.Photo: Phoventus kept golfers on their toes.Photo: Thanks to AWG for sponsoring Hole #16.
Congrats to all of our day’s award-winning individuals and teams for their outstanding performances and memorable moments on the course.
Like all CanREA events, this tournament strengthened relationships, fostered new ideas and emphasized our industry’s shared commitment to advancing renewable energy in Canada.
CanREA wishes to thank all our sponsors, participants and everyone who contributed to making this event a success.
Interested in joining a future CanREA event? On July 16, 2025, join the movers and shakers of Alberta’s renewable energy industry for a golf tournament happening in Calgary, Alberta. Register here.
CanREA Connects—Atlantic Canada spring networking reception
May 21, 2025 Stewart McKelvey (600-1741 Lower Water St, Halifax)
Thank you to everyone who joined us at the CanREA Connects—Atlantic Canada spring networking reception at the Stewart McKelvey offices in Halifax!
It was a fantastic opportunity to connect with key players in Atlantic Canada’s renewable energy sector in a relaxed and engaging atmosphere.
We’re grateful for the meaningful conversations and new connections made among like-minded professionals.
Take a look at future CanREA events for more information on upcoming networking opportunities.
Photo, from left to right: Jean Habel (CanREA), Douglas Reid (NS IESO), Martin Rovers (NS Power), Troy Kearns (NB Power) and Eddie Oldfield (CanREA).Photo: MLA Melissa Sheehy-Richard, representing Nova Scotia’s Minister of Energy, the Hon. Trevor Boudreau, with CanREA’s Jean Habel (left) and Eddie Oldfield (right).Photo: Presenting Sponsor Stewart McKelvey’s Brianne Rudderham (second from left) and Nancy Rubin (second from right), with CanREA’s Jean Habel (left) and Eddie Oldfield (right).Photo: CanREA’s Atlantic Canada Policy Team, from left to right: Wesley Johnston, Leonard Kula, Jean Habel and Eddie Oldfield.
Energy Storage Alberta – CanREA Summit
June 3, 2025 Calgary, Alberta
On June 3, 2025, the second annual Energy Storage Alberta—CanREA Summit was held in downtown Calgary, bringing together more than 200 industry leaders, policymakers and experts to discuss the pivotal role of energy storage in Alberta’s evolving energy landscape.
Caption: More than 200 people attended the Energy Storage Alberta—CanREA Summit and reception on June 3, 2025.
The Summit provided in-depth insights into how energy-storage solutions can support Alberta’s electricity grid, from meeting growing demand to integrating more renewable energy.
Caption: Attendees at Energy Storage Alberta networked and exchanged ideas about the transformative potential of energy storage solutions within Alberta’s energy ecosystem.
Against the backdrop of sweeping policy reforms and market dynamics in Alberta, attendees were privy to invaluable insights on energy storage from expert speakers during the full-day industry conference.
Vittoria Bellissimo, President and CEO of CanREA, kicked off the summit with a warm welcome, setting the stage for the day’s discussions and emphasizing the importance of energy storage in Alberta’s future energy strategy.
Caption: CanREA President and CEO Vittoria Bellissimo delivering her opening remarks at Energy Storage Alberta.
Nathan Neudorf, Alberta’s Minister of Affordability and Utilities, delivered the keynote address, highlighting the provincial government’s ongoing exploration of energy storage solutions. This was followed by an update from President & CEO Aaron Engen of the AESO, who shared why energy storage has a key role to play in Alberta’s evolving electricity market.
Caption: Minister Nathan Neudorf addresses the role of energy storage in Alberta’s energy market.Caption: Aaron Engen provides a series of brief updates from the AESO.
The Summit also presented valuable networking opportunities for attendees, who were able to discuss the future of energy storage in Alberta while making valuable new connections.
Caption: Attendees networked and built new business connections.
The opening plenary session was moderated by Allison Sears (Fasken). She was joined by Elias Soto (Similan Consulting) and Nicole Spears (Alberta Affordability and Utilities). Together, they explored the future of Alberta’s electricity and transmission policies in Alberta and the critical need for energy storage.
From left to right: Moderator Allison Sears (Fasken) with panelists Elias Soto (Similan Consulting) and Nicole Spears (Alberta Affordability and Utilities) during the opening plenary session, exploring the future of Alberta’s electricity and transmission policies—and the critical role of energy storage.
In the first session, titled “Meeting the need: How energy storage can help Alberta supply its industries, new AI data centres and growing population,” the panel explored how rising needs—from industrial growth to AI data centres and population increases—could soon challenge the grid. Speakers examined whether Alberta’s system is ready to deliver both reliability and increased supply, highlighting the critical role of energy storage and the potential for data centers to offer innovative reliability solutions.
From left to right: Moderator Larissa Lees (Bennett Jones) with panelists Robert Davidson (AESO), Jason Beblow (URICA) and Dan Chapman (Augur Energy AI Fund), discussing the reliability solutions that energy storage can provide for Alberta’s electricity grid.
Next was a session on “Revolutionizing the Grid: The Potential of Energy Storage for Wires in Alberta,” explored how energy storage can serve as a non-wires alternative for transmission and distribution, improve reliability and ancillary services, optimize assets through co-location and enable market arbitrage. Panelists examined why, despite these benefits, significant barriers still exist in Alberta.
From left to right: Moderator Hazel Saffery (Dentons Canada) with panelists Mike Schoenenberger (Enfinite), Shaun Andrews (TERIC Power), Sascha D’Souza (FortisAlberta) and Ruth Donald (Northland Power), discussing barriers to implementing energy storage solutions in Alberta.
The third panel, on “Speaking from experience: Global perspectives on energy storage,” convened industry leaders who shared valuable global perspectives and lessons learned, offering insights into how Alberta can incorporate more renewable energy and unlock the full range of benefits energy storage can provide in delivering affordable, reliable and clean electricity.
From left to right: Moderator Rosa Twyman (Regulatory Law Chambers) with panelists Kathleen Spees (The Brattle Group), Doug Moorehead (ENGIE), Ran Long (DNV) and Austin Zacharko (Sungrow), discussed international perspectives on energy storage and what Alberta can learn to accelerate adoption and market integration.
The final session of the Summit, “Charging ahead: Innovation in energy storage” panelists shared valuable perspectives on where energy storage is going, including how industry pioneers are pushing boundaries and how innovative organizations are supporting breakthroughs in energy storage.
From left to right: Moderator Amanda Mitchell (Alberta Innovates) with panelists Andrew Haughian (Pangaea Ventures), Jan Poetsch (Arder Energy), Jordan Costley (Cache Power Corp.) and Heather Stephens (Emissions Reductions Canada) presenting on the latest advancements and innovative solutions in energy storage technologies.
Overall, the Energy Storage Alberta—CanREA Summit provided valuable insights into the future of energy storage in Alberta. Attendees gained a deeper understanding of the market changes, opportunities and technological advancements that will drive Alberta towards a more reliable energy future as well as the growing need for energy storage to support Alberta’s industries, AI data centers and rising electricity demand.
Caption: The summit stimulated lively discussions throughout the day, as well as time for focused reflection.Caption:Minister Nathan Neudorf, Vittoria Bellissimo (CanREA), Radha Rajagopalan (CanREA), Aaron Engen (AESO) and Evan Wilson (CanREA).Caption: Evan Wilson (CanREA), Nagwan Al-Guneid (Alberta NDP MLA), Radha Rajagopalan (CanREA)and Vittoria Bellissimo(CanREA).Caption: Radha Rajagopalan (CanREA) with Jason Beblow from URICA Energy Management Corporation and Nasreddine, Guerfala from Edgecom.
Thank you
Thank you to our sponsors for their generous support in making CanREA’s event a resounding success.
Caption: Radha Rajagopalan (CanREA) with Larissa Lees and Erin Allison from Bennet Jones.Caption: Jason White and Katie Ewanchuk from Enfinite with Radha Rajagopalan (CanREA)and Evan Wilson(CanREA).Caption: Rosa Twyman from Regulatory Law Chambers with Radha Rajagopalan (CanREA).Caption for Image: Radha Rajagopalan (CanREA) with Austin Zacharko from Sungrow.Caption: Luz Mendez and Ruth Donald from Northland Power with Radha Rajagopalan(CanREA).Caption: Enfinite team with Vittoria Bellissimo (CanREA).
Looking to attend a future CanREA event? Check out our full calendar of upcoming events here.
CanREA Connects—Alberta
June 3, 2025 Fairmont Palliser
The CanREA Connects—Alberta spring networking reception, held right after the Energy Storage Alberta Summit, offers a prime opportunity to connect with professionals driving Alberta’s renewable energy future. As the province navigates its energy transition, this event is the perfect place to engage with industry leaders, exchange insights and explore solutions in wind, solar and energy storage. It’s an ideal setting for networking with those dedicated to advancing clean energy in Alberta while discussing the challenges and opportunities that lie ahead.
Event Highlights:
Strategic networking in Alberta: Engage with new CanREA members, senior executives, industry experts and decision-makers. Forge new partnerships, explore potential collaborations and strengthen your business network within the local renewable energy community in Alberta.
Insight into CanREA’s mission and work: Learn how CanREA is advancing Canada’s energy future through advocacy and public engagement. Our mission focuses on creating conditions for a modern energy system by harnessing wind energy, solar energy, and energy storage potential. Discover how our members are positioned to deliver clean, low-cost, reliable, and scalable energy solutions in Alberta.
Business development opportunities: Discuss the latest projects and investment opportunities specific to Alberta. With the likely attendance of local political figures and other key stakeholders, this event is an invaluable platform for gaining insights into the local energy market and regulatory landscape.
Showcase your brand: Explore sponsorship opportunities to enhance your company’s visibility and support the growth of renewable energy. These events provide excellent photo opportunities to showcase your brand’s presence and commitment to clean energy solutions.
CanREA Connects—Quebec spring networking reception
May 15, 2025 Montréal, Quebec
The CanREA Connects—Quebec spring networking reception in Montreal is your chance to connect with the key players in Quebec’s renewable energy scene. Whether you’re passionate about wind, solar, or energy storage, this event is the perfect opportunity to meet industry leaders, share ideas and enjoy a lively atmosphere with fellow professionals.
Event Highlights:
Strategic networking in Montreal: Engage with fellow CanREA members, senior executives, industry experts and decision-makers. Forge new partnerships, explore potential collaborations, and strengthen your business network within the local renewable energy community in Quebec.
Insight into CanREA’s mission and work: Learn how CanREA is advancing Canada’s energy future through advocacy and public engagement. Our mission focuses on creating conditions for a modern energy system by harnessing wind energy, solar energy, and energy storage potential. Discover how our members are positioned to deliver clean, low-cost, reliable, and scalable energy solutions in Quebec.
Business development opportunities: Discuss the latest projects and investment opportunities specific to Quebec. With the likely attendance of local political figures and other key stakeholders, this event is an invaluable platform for gaining insights into the local energy market and regulatory landscape.
Showcase your brand: Explore sponsorship opportunities to enhance your company’s visibility and support the growth of renewable energy. These events provide excellent photo opportunities to showcase your brand’s presence and commitment to clean energy solutions.
