CANADA SOLAR ENERGY MARKET - GROWTH, TRENDS, COVID-19 IMPACT, AND FORECAST (2022-2027)
Canada has substantial solar energy resources due to its vast area. In Canada, solar power generation has registered significant growth since 2010, with total installed capacity increasing from 221 MW in 2010 to 3,325 MW at the end of 2020. Canada’s most valuable resources for solar generation are Alberta, Manitoba, Ontario, and Saskatchewan.
However, the solar potential in Ontario is significantly exploited. As of 2020, more than 96% of Canada’s solar power generation capacity was in Ontario, as many of the regulations have historically been limited to only Ontario. However, several other solar PV projects are upcoming in other provinces, such as Alberta, Quebec, and British Colombia.
In May 2021, the country commissioned the Claresholm Solar PV farm with 132 MW capacity located in Southern Alberta. The project comprises approximately 477,198 photovoltaic solar panels and supplies power for 33,000 households in Alberta.
In February 2020, Greengate Power Corporation and Copenhagen Infrastructure Partners signed an agreement to develop and construct the Travers Solar PV Project in Alberta. Travers Solar is expected to be Canada’s largest operating solar energy project, with an estimated capital cost of approximately CAD 500 million and a total generating capacity of 465 MW. Construction of the project commenced in 2020, with full commercial operations targeted at the end of 2022.
Furthermore, to support solar development in the country, the Government of Canada took two key strategic approaches: the first is to accelerate the deployment of solar power in Canada, and the second aims to exploit solar energy’s potential, supporting both on-grid and off-grid installations and driving the solar energy market in the country.
P.S. - Nothing wrong with having hydro, wind and solar. Snow does not cover solar panels 6 month of the year so it can provide lots of electricity. Even when there is 1-4 centimeters of snow on a panel it still produces electricity. Canada has more solar potential than Southern France per square meter in Southern areas of Alberta, Manitoba, and Saskatchewan.