Canada’s power sector is analyzed in GlobalData’s latest report, projecting a transition to clean energy with a focus on hydropower, wind, and solar. By 2035, renewable capacity is expected to reach 70.9GW, with wind and solar growing rapidly. Nuclear power refurbishment and small modular reactors will also contribute to the transition. Policies like the Smart Renewables Program and financial support initiatives are driving wind, solar, and energy storage projects. Future opportunities include offshore wind and hydrogen production, but challenges such as ageing infrastructure and regional disparities persist in Canada’s energy transition.

Read more at Yahoo Finance: Canada’s renewable power capacity to reach 70.9GW in 2035, forecasts GlobalData