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Canada Renewables Report Q2

2014

Category : Energy & Utilities

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Introduction to Report

Launch Date: April 2, 2014

Number of Pages: 45

Geography Coverage: Canada

Available Format: PDF

Price For Single User License: USD 1,295

Price For Site License: USD 2,595

Price For Global User License: USD 6,995

Delivery Time: Within 24 Hours (During Working Days)

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About the Report

Report has maintained forecasts for Canada's non-hydro renewables industry this quarter as fundamental assumptions of the market remain in place. The wealth of natural potential Canada has to generate renewable-sourced electricity generation is vast; and research have seen developments across the renewable energy segments, including marine, solar, wind and biomass. However, the lack of a national policy framework or subsidy scheme for renewables is likely to hinder the industry reaching its full potential.

Although coal and hydropower remain fundamental sources of power for Canada, the Canadian government aim to incorporate greater levels of renewables into the energy mix in order to reduce carbon emissions (reducing greenhouse gas emissions by 17% by 2020, from 2005 levels).

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Recent Developments

It was announced in September 2013 that Canadian company Beothuk Energy plans to build an 180W offshore pilot project off the coast of Quebec, specifically in the Gulf of St Lawrence, at an estimated cost of US$228mn.

Canada-based Northland Power entered the commissioning phase for its 60MW McLean's Mountain wind farm in Ontario. The project is supplied with GE turbines and expected to go online in May 2014. The scheme is equally owned by Northland Power along with Mnidoo Mnising Power.

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Recent Developments Continues..

Due to the wealth of potential in the Bay of Fundy, Nova Scotia has stepped up efforts to exploit its marine renewables resources. It announced in January 2014 that the province had adopted new regulations for the tidal industry that will reportedly pave the way for project development across the region, including up to 20MW of trial tidal projects over the next seven years.

In February 2014, Germany-based WPD started building the Whittington and Springwood wind projects in the Canadian province of Ontario. The wind farms, with a joint capacity of 14.35MW, will be equipped with seven units of Senvion MM92 turbines. Both projects are likely to be commissioned in Q414.

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Report Coverage

1. BMI Industry View

2. Industry Forecast

3. Market Overview

4. Competitive Landscape

5. Methodology

For more details regarding Report coverage see the last slide

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