Canada Wind Energy to Grow at CAGR of 29.2% By FY’16

According to the recently released research report “Canada Wind Power Market Opportunities 2016” by TechSci Research, The wind power installation in Canada has been experiencing exponential growth in recent years due to favourable economic and operating environment. The cumulative installed capacity of wind power in Canada surpassed 4 GW by the end of 2010 as compared to a capacity of around 1.8 GW in 2007.

The report further says that Canada is expected to lead the wind power market in coming years, driven by the government appetite for renewable energy. Canadian government commitment to thrive for energy from renewable sources will result in the desired thrust towards the future growth of wind power market in the coming years. Driven by rising level of investment and government support, the cumulative installed capacity of wind power is expected to grow five folds by 2016. It was estimated that new wind farm developments in 2009 represented more than C$2.2 billion in investment.

“Canada Wind Power Market Opportunities 2016” gives an unprejudiced overview on the Canadian wind power market like installation capacity by region and province, wind power capacity utilization, wind power resources and potential, wind power equipment market, current and anticipated future scenario of offshore wind power, regulatory landscape, tariff structure and competitive landscape. It will help readers get familiar with current and expected future trends with respect to the Canadian Wind power market.