Canada eyeing short-term prospects of wind
October 17, 2013 | By
Barbara Vergetis Lundin
Canada's wind energy industry is well-positioned to build on its rapid growth and strong prospects for the next few years as provincial governments define the policy framework that will inform new electricity supply choices for the next decade.
While wind energy will see strong and steady growth through 2016 across Canada, the country's four largest wind energy markets (BC, Alberta, Ontario and Quebec) all have long-term planning processes underway that will determine how future wind energy development unfolds after 2016. "There is little doubt that wind energy has become a significant and mainstream electricity source in all regions of Canada with another record year for installations expected in 2013", said Robert Hornung, CanWEA (Wind Energy Across Canada) president. "This does not mean, however, that our long-term future is guaranteed." Given provincial targets and pipeline projects already contracted to be built, Canada will see an average of 1,500 MW of new wind energy projects commissioned annually over the next three years. Provincial governments across Canada are reviewing future electricity demand and assessing potential new electricity supplies against key criteria, including cost effectiveness, environmental impact and economic benefits. Wind is well-positioned to meet all of these requirements. For more: Sign up for our FREE newsletter for more news like this sent to your inbox! © 2013 FierceMarkets. All rights reserved. http://www.fierceenergy.com http://www.fierceenergy.com/story/canada-eyeing-short-term-prospects-wind/2013-10-17 |