Robust market intelligence to support decision-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.

Canada’s Renewable Energy Market Outlook, developed by Dunsky in collaboration with the Canadian Renewable Energy Association (CanREA), offers first-of-a-kind, comprehensive Canadian market intelligence, grounded in the Canadian context for electricity stakeholders.

Through a rigorous, bottom-up and scenario-based assessment of the cost and market potential of wind, solar, and storage; nationally and for five key regions (British Columbia, Alberta, Ontario, Quebec and Atlantic Canada) to 2050, the report offers insights into:

• State of the market: Consolidation of key market updates on provincial deployment, policy development and procurements
• Cost Outlook: Canada-specific forecasts (CAPEX, OPEX, LCOE, and PPA pricing) calibrated to recent procurements and regional cost drivers, and incorporating Canadian policy, financing, and market considerations
• Market Outlook: Detailed provincial electricity system supply outlooks considering all resources and calibrated to local plans, policies and market constraints under consideration of key uncertainties.
• Impacts: Assessment of the economic (investment, GDP, jobs), environmental and social impacts associated with the projected deployment

How You Can Leverage the Market Outlook

Canada’s Renewable Energy Market Outlook delivers unique value to all actors within the electricity sector.

For Utilities: Strengthen planning, procurement, and reliability decisions with Canada-specific market intelligence.

• Use province-specific cost benchmarks to support resource planning and procurement (CAPEX, OPEX, LCOE, PPA prices)
• Apply and compare projections of capacity needs, resource development and renewable contributions to internal modeling
• Support policy and regulatory engagement with credible system-level insights.

Industry / Developers: Gain insights to shape market strategy, project planning and investment decisions using credible, detailed forecasts.                                    

• Support policy engagement efforts with credible, third-party data.
• Use market intelligence (market sizing and growth projections) to guide strategy development across provinces and technologies
• Benchmark costs trajectories to strengthen project financial models and competitiveness.

For Governments and Policymakers: Robust Canadian insights on market outlook, cost competitiveness and economic impacts to inform policy assessment

For Investors: Assess market growth potential, benchmark project economics, and evaluate long-term investment opportunities across provinces.

For Non-Profits and Intervenors: Inform the development of evidence-based strategies, submissions, regulatory engagement, and analysis in support of advocacy efforts.

Corporates / PPA Buyers: Evaluate the competitiveness of future PPA cost and emissions trajectories across provinces to support long-term procurement decisions and ESG objectives.

Summary

Get Your Copy Today

See what’s inside by reading the Executive Summary and Table of Contents, or purchase the full Market Outlook through CanREA. Active CanREA members receive a $2,100 discount.