―Canada Wind Power Market Opportunities 2016‖

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By TechSci Research

The cumulative wind power installed capacity in Canada surpassed 4 GW by the end of 2010 as compared to around 1.8 GW in 2007.

1 Canada Wind Power Market Outlook 2016 (TechSci)

About Us
TechSci Research is a global market research and consulting company with offices in Canada and India. TechSci Research provides market research reports in a number of areas to organizations. We use innovative business models that focus on improved productivity, that also ensure the creation of high-quality reports. Our focus is on capturing the respondents‘ observations, expectations, satisfaction, confidence, and attitudes pertaining to different aspects of a specific sector.

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Report Overview
Wind power installations in Canada have been experiencing exponential growth in recent years due to the favourable economic and operating environment in that country. The cumulative wind power installed capacity in Canada surpassed 4 GW by the end of 2010 as compared to around 1.8 GW in 2007. Canada added more than 960 MW of new wind power installed capacity in 2009, thereby accounting for almost one-third of global new capacity additions in 2009. Canada is emerging as the 8th largest wind power market in the world.

According to the report “Canada Wind Power Market Opportunities 2016”, Canada is expected to lead the global wind power market in the coming 5 years, driven by government appetite for renewable energy. Canadian government‘s commitment to derive maximum of energy from renewable sources by 2020 will result in the required thrust towards the future growth of wind power market. In our opinion this decade will belong to Canadian wind power equipment manufacturers and wind farm developers, as they try to expand their network of operations beyond the domestic market.

The research report “Canada Wind Power Market Opportunities 2016” discusses following aspect related to wind power market in Canada:     Installed capacity by Region, Province and wind farm developers. Onshore & Offshore Wind Power Capacity Utilization. Wind Power Reserves & Potential. Overview of Wind Turbine Market.
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 

Regulatory & Tariff Structure. Anticipated future growth for Cumulative Installed Capacity.

Our report “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 off shore wind power, regulatory landscape, tariff structure and competitive landscape. It will help readers to get familiar with current and expected future trends with respect to the Canadian Wind power market.

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Table of Contents
1 Executive Summary 2 Canada Wind Energy Market Outlook 3 Global Energy Market Scenario 3.1 World Energy Consumption, 2000–16 3.2 World Energy Consumption, by Fuel Type, 2000–16 4 Global Renewable Energy Market Scenario 4.1 Global Renewable Energy Consumption, 2000–16 4.2 Global Net Electricity Generation, 2007-15 5 Global Wind Energy Market Scenario 5.1 Global Cumulative Installed Capacity, 2000–09 5.2 Forecast of Global Cumulative Installed Capacity, 2010–16 6 Canada Energy Market Scenario 6.1 Canada Energy Consumption, 2000–16 6.2 Canada Energy Consumption, by Fuel Type, 2000–16 7 Canada Renewable Energy Market Scenario 7.1 Canada Renewable Energy Installed Capacity, 2000–16 7.2 Electricity Generation in Canada 8 Canada Wind Energy Market Scenario 8.1 Cumulative Installed Capacity, 2001–10 8.2 Cumulative Installed Capacity, 2011–16 8.3 By Province 8.4 List of Wind Farms in Canada 8.5 Investments Scenario 9 Canada Wind Turbine Market Scenario 9.1 By Company 9.2 By Turbine Capacity 9.3 Export vs. Import 10 Policy & Regulatory Landscape 10.1 WindVision 2025 10.2 ecoENERGY for Renewable Power Program 10.3 Ontario‘s Green Energy Act and Feed-in Tariff Program 10.4 Federal/Provincial Initiative on Wind Energy 10.5 Other initiatives 11 Challenges & Opportunities in Canada Wind Power Industry 11.1 Shortage of Skilled Technical Labor 11.2 Excessive Dependence on Imports and Limited Revenue from Exports 11.3 Need for Smart Transmission Facilities 11.4 Wind Turbines Need Online Back-up Capacity 11.5 Carbon Cost of Construction 11.6 Health Hazards 11.7 Supply and Value Chain 12 Recent developments in the Canadian Wind Energy Market 12.1 Developments by Key Province 13 Leading Industry Players Profiles 13.1 TransAlta Corporation 13.2 Enbridge Inc.
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13.3 TransCanada Corporation 13.4 Capital Power Corporation 13.5 Vestas Wind Systems A/S 13.6 GE Energy 13.7 Enercon GmbH 13.8 Acciona Energia, S.A., 14 Disclaimer

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List of Figures Figure 1: World Energy Consumption (Btoe), 2000-2016 Figure 2: World Energy Consumption by Fuel Type, 2000-2016 Figure 3: World Energy Consumption, 2009 Vs 2016, Percentage Share of Energy Source Figure 4: Global Renewable Energy Consumption 2000-2016 Figure 5: Global Net Electricity Generation, By Fuel Type, 2007 Vs. 2015 Figure 6: Global Cumulative Installed Capacity, 2000 – 2009 Figure 7: Global Cumulative Installed Capacity, 2010-2016 Figure 8: Canada Energy Consumption, 2000-2016 Figure 9: Canada Energy Consumption, By Fuel Type, 2000-2016 Figure 10: Canada Energy Consumption by Sector, 2009 Figure 11: Canada Renewable Energy Installed Capacity, 2000-2016 Figure 12: Electricity Generation in Canada by Energy Type, 2009 Figure 13: Electricity Generation in Canada by Province, 2009 Figure 14: Canada Cumulative Installed Capacity, 2001-2010 Figure 15: Top 10 New Installed Capacity, 2009 Figure 16: Canada Cumulative Installed Capacity, 2010-2016 Figure 17: Total Installed Capacity in Canada by Province, 2010 Figure 18: Total Number of Wind Farms in Canada, 2010 Figure 19: Global New Wind Turbines Market, 2006-2009 Figure 20: Export as a Percentage of Total Sales, 2009 Figure 21: Import as a Percentage of Domestic Sales of Wind Turbines, 2007-2009 Figure 22: Country of Origin of Components Sourced from Outside of Canada Figure 23: TransAlta Corporation, Company Performance, 2005-2009 Figure 24: Enbridge Inc., Company Performance, 2005-2009 Figure 25: TransCanada, Company Performance, 2005-2009 List of Tables Table 1: Canada‘s Current Installed Capacity Map, January 2011 Table 2: List of Wind Farms with Installed Capacity, 2011 Table 3: List of Wind Projects in Pipeline in Canada Table 4: Top 10 Countries with Wind Power Index Table 5: Small Wind Sales in Canada, 2008 and 2009 Table 6: List of Major Wind Turbine Manufacturer in Canada Table 7: List of Typical Turbine Sizes manufactured by Canadian Players Table 8: Canada‘s Wind Power Project Types versus Feed-in-Tariff Structure Table 9: Canada‘s Federal/Provincial Development Initiatives & Status

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1 Executive Summary

Energy is an essential part of every aspect of our lives. It has various forms and is used for several purposes. Fossil fuels were the dominant source of energy until a decade ago. However, their dominance has been on a decline as majority of the countries turn to more eco-friendly sources of energy — the renewable sources.

In 2009, global consumption of energy totaled 12.4 billion tons of oil equivalent (Btoe), growing at a compound annual growth rate (CAGR) of 2.1 percent since 2000. During 2000–09, oil consumption grew the slowest at a CAGR of 1.1 percent, while natural gas and coal consumption grew at a CAGR of 2.5 percent and 3.8 percent respectively. During 2010–16, all the three primary energy sources are expected to witness a decline in their consumption rates.

On the other hand, consumption of clean energy sources such as nuclear and renewables have grown, although not at the pace of primary energy sources. During 2000–09, renewable energy consumption grew at a CAGR of 2 percent. However, with increasing demand for clean electricity and environmental concerns has put the pressure on countries globally to increase the focus on renewable energy. During 2010–16, renewable energy consumption is expected to outpace all traditional fuel sources to grow at a CAGR of 4.1 percent.

One of the most upcoming sources of renewable energy is wind energy. With the emergence of advanced technologies, the generation cost of wind energy has
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fallen dramatically, allowing several countries across the world to embrace it as a primary source for electricity generation. During 2000–09, global wind energy market recorded an annual growth rate of 27.8 percent to reach 158.5 gigawatts (GW). And in the next five years, it is expected to reach 325 GW.

Canada has considerable natural resources and is one of the largest producers and exporters of energy in the world. During 2000–09, Canada‘s energy consumption grew at a CAGR of 1.3 percent to reach 319 Mtoe. This is expected to reach 349 Mtoe by 2016.

Despite Canada having large reserves of fossil fuels, it is heavily focusing on renewable sources of energy generation, and particularly wind and solar energy. This can be noticed from the fact that during 2000–09, Canada witnessed tremendous growth of approximately 42 percent in its renewable energy installed capacity to reach 3.4 GW. By 2016, this is expected to reach approximately 21 GW.

Majority of the growth in Canada‘s renewable energy installed capacity came from wind industry. During 2000–10, Canadian wind energy sector witnessed outstanding growth of 40 percent to reach 04 GW. By end of 2009, Canada stood at 11th position globally in terms of installed capacity and represented 2.1 percent of global installed capacity.

Provincially, Ontario, with 1,458 MW of wind capacity installed at the end of 2010, was the leading producer of wind power in the country, followed by Alberta
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(803 MW) and Quebec (663 MW). Four of the top five wind farms in term of installed capacity are in Ontario.

The Canadian wind energy industry primarily consists of power generation companies. Its manufacturing industry is in a very nascent stage. There are approximately 430 companies active in Canada‘s wind energy sector of which only 16 percent are into manufacturing and primarily in to small wind manufacturing. Canadian firms rely heavily on imports for large wind turbines. In 2009, 86 percent of goods manufactured were exported. Such high percentage of exports amounted to only C$31 million highlighting the fact that most of the products exported are related to small wind energy. However, with the rapid growth of Canada‘s wind energy industry a growing number of manufacturing firms are entering into the market.

Some of the prominent power generation companies in Canada include TransAlta Corporation, Enbridge, and TransCanada Corporation. Whereas, in the manufacturing segment, Americas Wind Energy, Endurance Wind Power and Raum Energy are some of the key players.

Despite several challenges, with significant support from both federal and provincial governments in terms of promising initiatives and attractive incentives, Canadian wind energy industry is poised to grow in the future.

10 Canada Wind Power Market Outlook 2016 (TechSci)

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