New Report: Canada’s Renewable Energy Market Outlook: Wind. Solar. Storage

Robust market intelligence to support decisions-makers

The Market Opportunity for Wind, Solar and Storage

Today, Canada ranks 9^th globally for installed wind energy capacity, 20^th for installed battery energy storage capacity, and 24^th for installed solar energy capacity.  Surging electricity demand, increasing cost competitiveness, and enabling policy frameworks are now positioning Canada’s wind, solar and storage markets for rapid expansion.

Available now, Canada’s Renewable Energy Market Outlook 2025: Wind. Solar. Storage, produced by the Canadian Renewable Energy Association (CanREA) and Dunsky Energy + Climate Advisors, offers electricity sector stakeholders robust and data-driven intelligence and insights that quantify opportunities across key Canadian markets.

Discover the key growth drivers and learn about the potential roadblocks you cannot overlook when shaping your future business strategy.

What’s Inside

This report provides stakeholders with a comprehensive outlook for wind, solar and storage, including:

• State of the market: Latest updates on deployment, policy development and provincial procurements
• Cost Outlook: Price forecasts and analysis on the future costs for wind, solar and energy storage – including CAPEX, OPEX, LCOE and PPA pricing.
• Market Outlook: Projected deployments of wind, solar and storage in Canada, including installed capacity (GW) and energy generation (TWh)
• Impacts: Assessment of the broader economic, environmental and social impacts associated with the projected deployment

The report offers national coverage as well as deep dives into five markets (British Columbia, Alberta, Ontario, Québec and Atlantic Canada).

Data You Can Trust

Dunsky Energy + Climate Advisors is one of Canada’s premier clean energy advisory firms. For over 20 years, Dunsky has supported leading utilities, governments and industry with rigorous analysis and strategic advice to help assess, inform and shape clean energy programs, policy and regulation.

The report uses Canadian data, grounded in the Canadian context. Unlike the commonly used approach of applying U.S. benchmarks adjusted by currency exchange rates, this report presents bottom-up, cost projections for key system and installation components; capturing region-specific cost drivers and calibrating to recent procurement results and validated through targeted industry engagement. Similarly, the market outlook is based on detailed province-level electricity system modeling that identifies a cost-optimal resource portfolio that can reliably meet system needs while considering provincial and utility plans, procurements and prevailing policy and market dynamics.

Who Should Read This Report?

This subscription-based report can be a key resource for stakeholders across the electricity sector, including renewable energy developers, owners, operators, utilities and governments.

This report supports key strategic areas, including:

Report Value Proposition by Subscriber Type

Access the Report

Download the executive summary for free, or purchase the full report by following the link below.