Canada Hydropower Market Analysis by Size, Installed Capacity, Power Generation, Regulations, Key Players and Forecast to 2035
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Canada Hydropower Market Report Overview
In 2022, the Canadian power market was led by large hydro and pumped storage with a cumulative hydro power capacity of 83.1 GW. However, this will decrease, recording a meager CAGR of less than 1% during 2022-2035 owing to the growth in the thermal power sector.
Canada Hydropower Market Outlook, 2022-2035 (GW)
The report discusses the renewable power market in the country in-depth and predicts future outcomes until 2035. It also covers the renewable energy policy framework governing the market.
Cumulative Capacity (2022) | 83.1 GW |
CAGR (2022-2035) | <1% |
Historical Period | 2010-2022 |
Forecast Period | 2023-2035 |
Key Companies | · Ontario Power Generation Inc
· Manitoba Hydro-Electric Board · Hydro-Quebec · Hydro One Ltd · BC Hydro |
Key Deal Types | · Debt Offerings
· Equity Offerings · Asset Transactions · Acquisition · Merger |
Key Active Plants | · Lennox Generating Station
· Greenfield Energy Centre · Napanee Generating Station · Coleson Cove Generating Station · Goreway Power Station · Boundary Dam Power Station· |
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Canada Hydropower Policy
- The Canadian Government has announced the phase-out of traditional coal-based power plants by 2030 and is looking to replace the capacity with hydro and renewable power sources.
- Hydro-Quebec offers net metering to assist and stimulate self-generators who generate power for their facilities from RES.
- A new Pay-as-You-Save (PAYS) program, the first in Canada, includes the upfront capital cost of energy efficiency upgrades based on the utility cost savings.
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Canada Hydropower Market - Competitive Landscape
Ontario Power Generation Inc., Manitoba Hydro-Electric Board, Hydro-Quebec, Hydro One Ltd, and BC Hydro are a few of the market players in the Canadian hydropower market.
Ontario Power Generation Inc. (OPG): It is an electric utility that produces power using hydro, nuclear, and thermal sources. OPG also provides nuclear waste management and ancillary and detritylation services, dimensioning services for nuclear-generating stations and other facilities and sells heavy water and isotopes. OPG trades electricity, financial energy, financial risk management energy products, and energy-related products with counterparties in Ontario and neighboring energy markets.
Canada Hydropower Market Analysis by Companies
Canada Hydropower Market - Major Active Plants
The Lennox Generating Station, owend by Ontario Power Generation Inc. leads the hydropower market in Canada with a total power generation capacity of 2.1 GW.
Canada Hydropower Market Analysis by Active Plants, 2023 (%)
Canada Hydropower Market Segmentation by Deal Types
In 2022, the hydropower market in Canada recorded most of its deals were closed via debt offerings, followed by equity offerings.
Canada Hydropower Market Analysis by Deal Types, 2022 (%)
Segments Covered in the Report
Canada Hydropower Market Deal Type Outlook (Value, GW, 2010-2035)
- Debt Offerings
- Equity Offerings
- Asset Transactions
- Acquisition
- Merger
Scope
The report includes:
- A brief introduction to global carbon emissions and global primary energy consumption.
- An overview of the country’s hydropower market, highlighting installed capacity trends, generation trends, and installed capacity split by various power sources.
- Detailed overview of the country’s hydropower market with installed capacity and generation trends, and major active and upcoming hydropower projects.
- Deal analysis of the country’s hydropower market.
- Snapshots of some of the major market participants in the country.
Reasons to Buy
- Enhance your decision-making capability in a more rapid and time-sensitive manner.
- Identify key growth and investment opportunities in the country’s hydropower market.
- Facilitate decision-making based on strong historical and forecast data for the hydropower market.
- Position yourself to gain the maximum advantage of the industry’s growth potential.
- Identify key partners and business development avenues.
- Understand and respond to your competitors’ business structure, strategy, and prospects.
Table of Contents
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Frequently asked questions
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What was the Canada hydropower market cumulative capacity in 2022?
The cumulative capacity for hydropower in Canada was 83.1 GW in 2022.
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What will the Canadian hydropower market growth rate be during the forecast period?
The Canadian hydropower market will achieve a CAGR of less than 1% during 2022-2035.
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Which was the leading power generation type in the Canadian hydropower market in 2022?
Most hydropower generation in Canada was done using large hydro and pumped storage technology in 2022.
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What are the major active plants in the Canadian hydropower market?
The major active plants in the Canadian hydropower market are Santiago Antunez de Mayolo, Cerro Del Aguila, Chaglla, Huinco, and Canon del Pato among others.
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Which are the key companies in the Canada hydropower market?
A few of the key companies in the Canadian hydropower market are Ontario Power Generation Inc (OPG), Manitoba Hydro-Electric Board, Hydro-Quebec, Hydro One Ltd, and BC Hydro among others.
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