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)
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
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
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 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 (%)
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.
Northland Power Inc
EDF Renewables Canada Inc
Viridis Energy Inc.
Hydro-Quebec
Table of Contents
Table
Figures
Frequently asked questions
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What was the cumulative installed capacity for biopower in Canada in 2022?
The cumulative installed capacity for biopower in Canada was 2.68 GW in 2022.
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What will the Canadian biopower market growth rate be during 2022-2035?
The Canadian biopower market will achieve a CAGR of less than 1% during 2022-2035.
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Which was the leading deal type in the Canadian biopower market?
In 2022, most of the deals were closed via equity offerings in the Canadian biopower market.
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What are the major active plants in the Canadian biopower market?
The major active plants in the Canadian biopower market are Atikokan Biomass Power Plant, Thunder Bay Biomass Power Plant, Howe Sound Mill Plant, Celgar Biomass Power Plant, and Williams Lake Generating Station.
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Which are the key companies in the Canadian biopower market?
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.
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