The Canadian Renewable Energy Association (CanREA) and consulting firm Dunsky Energy+Climate Advisors recently jointly released a report titled "Canadian Renewable Energy Market Outlook: Wind, Solar, and Energy Storage", predicting that the country's renewable energy installed capacity will experience explosive growth. The report states that by 2035, Canada is expected to add 17GW to 26GW of solar photovoltaics and 12GW to 16GW of energy storage capacity.

From 2035 to 2050, the total installed capacity of solar, wind, and energy storage will further increase by 50% -60%. At that time, the proportion of wind and solar power in Canada's electricity structure will increase from the current 10% to 21%, with wind energy growing particularly significantly, with an expected increase of 30GW to 51GW. These three clean technologies combined will account for over 70% of all new electricity installations in Canada between 2025 and 2050.

Compared to the cumulative installed capacity of 2.3GW of solar photovoltaics in China as of July 2025, the expected increase of 26GW means that the capacity of this technology will grow more than tenfold. The development path of energy storage is similar, with a current installed capacity of about 1GW and significant expansion expected in the next decade. Wind energy still holds a leading position, currently exceeding 17GW.

The report also pointed out that Canada is currently in the stage of promoting a large number of clean energy projects: in addition to clear installation plans, there are still 600MW solar photovoltaic and 3.4GW energy storage projects actively being procured, and 11.5GW wind solar hybrid or technology neutral projects are being prepared. CanREA emphasizes that these are only the "tip of the iceberg" of future market potential.

Between 2025 and 2035, Canada will invest an average of CAD 14 billion to CAD 20 billion (approximately USD 10.2 billion to USD 14.5 billion) annually in the fields of solar, wind, and energy storage. In terms of regional distribution, Alberta has the highest concentration of ground mounted photovoltaic power plant installations, with a scale of nearly 2GW, followed closely by Ontario and prairie provinces. Editor/Xu Shengpeng