Hydropower will continue to be the dominant power generation source in Canada over the next ten years, according to a report from research and consulting firm GlobalData.
Installed hydropower capacity is expected to increase from 77.6 GW in 2014 to 84.8 GW by 2025. Hydropower is expected to provide around 49.4 percent of Canada’s cumulative installed capacity by the end of the forecast period. Other renewables, such as wind, solar, biomass and biogas, will contribute 34.9 GW, or a 20.3 percent share.
“While installed hydropower capacity is expected to increase at a modest Compound Annual Growth Rate of 0.7 percent, a number of large hydropower projects are currently in the construction phase and the country has the infrastructure in place to cope with more than double its current hydropower capacity,” said Chiradeep Chatterjee, GlobalData’s Senior Analyst for Power.