Canada Biopower Market Analysis by Size, Installed Capacity, Power Generation, Regulations, Key Players and Forecast to 2035

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Canada Biopower Market Report Overview

The cumulative installed capacity for biopower in Canada was 2.68 GW in 2022 and will achieve a CAGR of less than 1% during 2022-2035. Canadian renewable power generation mix is led by the onshore power source followed by small hydropower.

Canada Biopower Market Outlook, (2022-2035)

Canada Biopower Market Outlook, (2022-2035)

The report discusses the cumulative installed capacity, annual capacity addition, and annual generation of all renewable sources until 2035. The report also gives detailed coverage of the major active and upcoming biopower plants and renewable energy policy framework governing the Canadian biopower market.

Cumulative Installed Capacity (2022) 2.68 GW
CAGR (2022-2035) <1%
Historical Period 2010-2021
Forecast Period 2022-2035
Key Regulations Natural Resources Canada (NRCan)
Leading Companies ·        Capstone Infrastructure Corporation

·        Northland Power Inc

·        EDF Renewables Canada Inc

·        Viridis Energy Inc.

·        Hydro-Quebec

Key Active Plants ·        Atikokan Biomass Power Plant

·        Thunder Bay Biomass Power Plant

·        Howe Sound Mill Plant

·        Celgar Biomass Power Plant

·        Williams Lake Generating Station

Key Deal Types ·        Equity Offerings

·        Acquisition

·        Asset Transactions

·        Private Equity

·        Debt Offerings

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Canada Energy Policy Framework

  • The power market in Canada is regulated by Natural Resources Canada (NRCan) also known as the Ministry of Natural Resources.
  • The Ontario FiT program was the country’s first comprehensive price-guarantee system for renewable power generation before being abolished in 2018.
  • In March 2023, the Canadian government introduced investment tax credits in its 2023 budget, this came as a response to the Inflation Reduction Act (IRA) introduced by the US government.

For More Information on Canada’s Renewable Energy Policy Framework

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Canada Biopower Market - Competitive Landscape

The key companies in the Canadian biopower market are Capstone Infrastructure Corporation, Northland Power Inc., EDF Renewables Canada Inc., Viridis Energy Inc., and Hydro-Quebec.

Northland Power Inc: Northland Power Inc is an independent power producer. It develops, finances, builds, owns, and operates power infrastructure assets. The company generates energy using renewable sources such as natural gas, biomass, wind, and solar sources and in simple and combined-cycle gas turbine and cogeneration modes.

Canada Biopower Market Analysis by Companies, 2023

Canada Biopower Market Analysis by Companies, 2023

Major Active Plants in the Canada Biopower Market

The Atikokan Biomass Power Plant developed by Ontario Power Generation Inc. led the biopower market in Canada in 2023.

Canada Biopower Market Analysis by Active Plants, 2023 (%)

Canada Biopower Market Analysis by Active Plants, 2023 (%)

Canada Biopower Market Segmentation by Deal Types

Most of the deals in the biopower market in Canada were closed via equity offerings in 2022.

Canada Biopower Market Analysis by Deal Types, 2022 (%)

Canada Biopower Market Analysis by Deal Types, 2022 (%)

Segments Covered in the Report

Canada Biopower Market Deal Type Outlook (Value, 2010-2035, GW)

  • Equity Offerings
  • Acquisition
  • Asset Transactions
  • Private Equity
  • Debt Offerings

Scope

The report includes:

  • A brief introduction to global carbon emissions and global primary energy consumption.
  • An overview of the country’s renewable power market, highlighting installed capacity trends, generation trends, and installed capacity split by various renewable power sources.
  • Detailed overview of the country’s biopower market with installed capacity and generation trends, and major active and upcoming biopower projects.
  • Deal analysis of the country’s biopower market.
  • Key policies and regulatory framework supporting the development of renewables.
  • Snapshots of some of the major market participants in the country.

Reasons to Buy

  • The report will enhance your decision-making capability in a more rapid and time-sensitive manner.
  • Identify key growth and investment opportunities in the country’s biopower market.
  • Facilitate decision-making based on strong historical and forecast data for the biopower market.
  • Position yourself to gain the maximum advantage of the industry’s growth potential.
  • Develop strategies based on the latest regulatory events.
  • Identify key partners and business development avenues.
  • Understand and respond to your competitors’ business structure, strategy, and prospects.

Capstone Infrastructure Corp
Northland Power Inc
EDF Renewables Canada Inc
Viridis Energy Inc.
Hydro-Quebec

Table of Contents

  • 1. Introduction
  • 1.1 Carbon Dioxide Emissions, Global, 2001–2022
  • 1.2 Primary Energy Consumption, Global, 2001–2022
  • 1.3 Report Guidance
  • 2. Power Market, Canada
  • 2.1 Power Market, Canada, Installed Capacity, 2010-2035
  • – Power Market, Canada, Cumulative Installed Capacity by Source, 2010-2035
  • – Power Market, Canada, Cumulative Capacity Share by Source, 2022 and 2035
  • – Power Market, Canada, Capacity Addition by Source, 2023-2035
  • – Power Market, Canada, Capacity Growth by Source, 2022-2035

  • 2.2 Power Market, Canada, Power Generation, 2010-2035
  • – Power Market, Canada, Power Generation by Source, 2010-2035
  • – Power Market, Canada, Growth in Power Generation by Source, 2022-2035

  • 3. Hydropower Market, Canada
  • 3.1 Hydropower Market, Canada, Installed Capacity, 2010-2035
  • – Hydropower Market, Canada, Cumulative Capacity by Type, 2010-2035

  • 3.2 Hydropower Market, Canada, Power Generation, 2010-2035
  • – Hydropower Market, Canada, Power Generation by Type, 2010-2035

  • 3.3 Hydropower Market, Canada, Market Size, 2010-2030
  • 3.4 Hydropower Market, Canada, Power Plants
  • – Hydropower Market, Canada, Major Active Plants
  • – Hydropower Market, Canada, Upcoming Plants
  • – Hydropower Market, Canada, Major Plants Under Construction

  • 3.5 Hydropower Market, Canada, Deal Analysis, 2022
  • – Hydropower Market, Canada, Deal Volume and Deal Value, 2010–2022
  • – Hydropower Market, Canada, Split by Deal Type, 2022

  • 4. Hydropower Policy, Canada
  • 4.1 Hydropower Policy, Canada, Overview
  • – Net Metering
  • – Clean Energy Strategy

  • 5. Hydropower Market, Canada, Company Profiles
  • 5.1 Ontario Power Generation Inc
  • – Ontario Power Generation Inc – Company Overview
  • – Ontario Power Generation Inc – Business Description
  • – Ontario Power Generation Inc – SWOT Analysis
  • – Ontario Power Generation Inc – Major Products and Services
  • – Ontario Power Generation Inc – Head Office

  • 5.2 Manitoba Hydro-Electric Board
  • – Manitoba Hydro-Electric Board – Company Overview
  • – Manitoba Hydro-Electric Board – Business Description
  • – Manitoba Hydro-Electric Board – SWOT Analysis
  • – Manitoba Hydro-Electric Board – Major Products and Services
  • – Manitoba Hydro-Electric Board – Head Office

  • 5.3 Hydro-Quebec
  • – Hydro-Quebec – Company Overview
  • – Hydro-Quebec – Business Description
  • – Hydro-Quebec – SWOT Analysis
  • – Hydro-Quebec – Major Products and Services
  • – Hydro-Quebec – Head Office

  • 5.4 Hydro One Ltd
  • – Hydro One Ltd – Company Overview
  • – Hydro One Ltd – Business Description
  • – Hydro One Ltd – SWOT Analysis
  • – Hydro One Ltd – Major Products and Services
  • – Hydro One Ltd – Head Office

  • 5.5 BC Hydro
  • – BC Hydro – Company Overview
  • – BC Hydro – Business Description
  • – BC Hydro – SWOT Analysis
  • – BC Hydro – Major Products and Services
  • – BC Hydro – Head Office

  • 6. Appendix
  • 6.1 Abbreviations
  • 6.2 Market Definitions
  • – Power
  • – Renewable Power
  • – Installed Capacity
  • – Electricity Generation
  • – Electricity Consumption

  • 6.3 Methodology
  • – Coverage
  • – Secondary Research
  • – Primary Research
  • – Modelling and Forecasting

  • 7. Contact Us

Table

Table 1: Carbon Dioxide Emissions from Energy Consumption, Global, 2001–2022

Table 2: Primary Energy Consumption, Global, 2001–2022

Table 3: Renewable Power Market, Canada, Cumulative Installed Capacity by Source (GW), 2010-2035

Table 4: Renewable Power Market, Canada, Cumulative Installed Capacity Share by Source (%), 2022 and 2035

Table 5: Renewable Power Market, Canada, Net Capacity Additions by Source (GW), 2023-2035

Table 6: Renewable Power Market, Canada, Capacity Growth by Source, 2022-2035

Table 7: Renewable Power Market, Canada, Power Generation by Source (TWh), 2010-2035

Table 8: Renewable Power Market, Canada, Growth in Power Generation by Source, 2022-2035

Table 9: Biopower Market, Canada, Installed Capacity (GW), 2010-2035

Table 10: Biopower Market, Canada, Power Generation (TWh), 2010-2035

Table 11: Biopower Market, Canada, Market Size ($M), 2010-2030

Table 12: Biopower Market, Canada, Major Active Plants

Table 13: Biopower Market, Canada, Snapshot of Upcoming Plants

Table 14: Biopower Market, Canada, Deal Volume vs. Deal Value ($M), 2010–2022

Table 15: Biopower Market, Canada, Deals by Type, 2022

Table 16: Key Regulatory Authorities, Canada

Table 17: Renewable Energy Targets, Federal and Provincial, Canada

Table 18: Policy Snapshot, Canada, 2022

Table 19: Hydrogen Energy Strategy, Canada, 2020-2050

Table 20: Rebate Per Watt of Total Solar PV Installed Capacity (CAD/W), Alberta, 2022

Table 21: Investments for 2030 Energy Strategy by Strategic Objective, NWT, 2018-2021

Table 22: Capstone Infrastructure Corp, Major Products and Services

Table 23: Northland Power Inc, Major Products and Services

Table 24: EDF Renewables Canada Inc, Major Products and Services

Table 25: Hydro-Quebec, Major Products and Services

Table 26: Abbreviations

Figures

Figure 1: Carbon Dioxide Emissions from Energy Consumption, Global, 2001–2022

Figure 2: Primary Energy Consumption, Global, 2001–2022

Figure 3: Renewable Power Market, Canada, Cumulative Installed Capacity by Source (GW), 2010-2035

Figure 4: Renewable Power Market, Canada, Cumulative Installed Capacity Share by Source (%), 2022 and 2035

Figure 5: Renewable Power Market, Canada, Net Capacity Additions by Source (GW), 2023-2035

Figure 6: Renewable Power Market, Canada, Capacity Growth by Source, 2022-2035

Figure 7: Renewable Power Market, Canada, Power Generation by Source (TWh), 2010-2035

Figure 8: Renewable Power Market, Canada, Growth in Power Generation by Source, 2022-2035

Figure 9: Biopower Market, Canada, Installed Capacity (GW), 2010-2035

Figure 10: Biopower Market, Canada, Power Generation (TWh), 2010-2035

Figure 11: Biopower Market, Canada, Market Size ($M), 2010-2030

Figure 12: Biopower Market, Canada, Snapshot of Upcoming Plants

Figure 13: Biopower Market, Canada, Deal Volume vs. Deal Value ($M), 2010–2022

Figure 14: Biopower Market, Canada, Split by Deal Type (%), 2022

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