Canada Thermal Power Market Analysis by Size, Installed Capacity, Power Generation, Regulations, Key Players and Forecast to 2035
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Canada Thermal Power Market Report Overview
In Canada’s thermal power market, large hydro and pumped storage was the leading power source in terms of generation in 2022. The cumulative installed capacity for thermal power in Canada was 35.2 GW in 2022 and will achieve a CAGR of less than 1% during 2022-2035.
Canada Thermal Power Market Outlook, 2022-2035 (GW)
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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 thermal power plants and renewable energy policy framework governing the Canada thermal power market.
Cumulative Capacity (2022) | 35.2 GW |
CAGR (2022-2035) | <1% |
Historical Period | 2010-2021 |
Forecast Period | 2022-2035 |
Key Regulations | Federal Coal-Fired Electricity Greenhouse Gas (GHG) |
Leading Companies | · AltaGas Ltd
· Canadian Natural Resources Ltd · Cenovus Energy Inc · Imperial Oil Ltd · Pembina Pipeline Corp |
Key Active Plants | · Lennox Generating Station
· Greenfield Energy Centre · Napanee Generating Station · Coleson Cove Generating Station · Goreway Power Station |
Key Deal Types | · Debt Offerings
· Acquisition · Asset Transactions · Equity Offerings |
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Canada Energy Policy Framework
- In Canada, energy sector transformation has its challenges, being a major power player. The country is considered one of the major producers, consumers, and exporters of energy.
- Canada became the first nation in the world to announce federal coal-fired electricity greenhouse gas (GHG) regulations. It instructed coal-fired power plants to have a performance standard of 420 tons of carbon dioxide emissions per gigawatt hour of electricity produced.
- Canada published amendments to the 2012 regulations to accelerate the phase-out of conventional coal-fired electricity by 2030 under the Pan-Canadian Framework on Clean Growth and Climate Change commitments.
For More Information on Canada’s Renewable Energy Policy Framework
Canada Thermal Power Market - Competitive Landscape
The key companies in the Canada thermal power market are AltaGas Ltd, Canadian Natural Resources Ltd, Cenovus Energy Inc, Imperial Oil Ltd, and Pembina Pipeline Corp.
Canadian Natural Resources Ltd: It is an independent upstream oil and gas company. Canadian Naturals’s operations are focused in North America, mostly in Western Canada, the UK portion of the North Sea, and offshore Africa. The company maintains certain midstream activities within Western Canada that include an electricity co-generation system, pipeline operations, and an equity interest in the Northwest Redwater Partnership.
Canada Thermal Power Market Analysis by Companies
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Canada Thermal Power Market - Major Active Plants
Lennox Generating Station led the thermal power market in Canada with a total capacity of 2.1 GW in 2023.
Canada Thermal Power Market Analysis by Active Plants, 2023 (%)
Canada Thermal Power Market Segmentation by Deal Types
Most of the deals in the Canadian thermal market were closed via debt offerings in 2022.
Canada Thermal Power Market Analysis by Deal Types, 2022 (%)
Segments Covered in the Report
Canada Thermal Power Market Deal Type Outlook (Value, 2010-2035, GW)
- Debt Offerings
- Acquisition
- Asset Transactions
- Equity Offerings
Scope
The report includes:
- A brief introduction to global carbon emissions and global primary energy consumption.
- An overview of the country’s power market highlighting installed capacity trends, generation trends, and installed capacity split by various power sources.
- Detailed overview of the country’s thermal power market with installed capacity and generation trends, and major active and upcoming thermal power projects.
- Deal analysis of the country’s thermal power 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 thermal power market.
- Facilitate decision-making based on strong historical and forecast data for the thermal power 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.
Canadian Natural Resources Ltd
Cenovus Energy Inc
Imperial Oil Ltd
Pembina Pipeline Corp
Table of Contents
Table
Figures
Frequently asked questions
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What was the cumulative capacity for thermal power in Canada in 2022?
The cumulative capacity for thermal power in Canada was 35.2 GW in 2022.
-
What will the Canadian thermal power market growth rate be during 2022-2035?
The Canadian thermal power 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 thermal power market?
Most of the deals in the Canadian thermal power market were closed via debt offerings in 2022.
-
Which are the major active plants in the Canadian thermal power market?
The major active plants in the Canadian thermal power market are Lennox Generating Station, Greenfield Energy Centre, Napanee Generating Station, Coleson Cove Generating Station, and Goreway Power Station.
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Which are the key companies associated with the Canadian thermal power market?
The key companies in the Canadian thermal power market are AltaGas Ltd, Canadian Natural Resources Ltd, Cenovus Energy Inc, Imperial Oil Ltd, and Pembina Pipeline Corp.
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