Uniquely Canadian Market Outlook Report for Wind, Solar and Energy Storage Now Available
September 23, 2025
In partnership with Dunsky Energy + Climate Advisors (Dunsky), the Canadian Renewable Energy Association (CanREA) was proud to present highlights from its new report in a full-capacity webinar, launching “Canada’s Renewable Energy Market Outlook 2025: Wind. Solar. Storage.,” the first, comprehensive, Canada-specific market outlook report for renewable energy and energy storage.
“We designed this new market outlook report to offer uniquely Canadian market intelligence to support informed decisions by electricity sector stakeholders, renewable energy and energy storage developers, investors and analysts,” said Vittoria Bellissimo, CanREA’s President and CEO.
Canada’s Renewable Energy Market Outlook focuses on onshore wind, utility-scale solar & battery energy storage in five key markets: British Columbia, Alberta, Ontario, Quebec and Atlantic Canada. It provides the current Canadian state of the market, as well as a cost outlook, a market outlook, and an examination of the economic, employment and GHG-emissions impacts for two potential scenarios from 2025 to 2050.
“The Outlook identifies a significant opportunity for renewable energy and energy storage deployment across Canada; with wind, solar and storage expected to account for more than 70 percent of all new electricity supply capacity deployed between 2025 and 2050,” said Ahmed Hanafy, Partner and Growth and Innovation Lead at Dunsky.
Specifically, Canada is projected to deploy 30 to 51 GW of new wind, 17 to 26 GW of new solar, and 12 to 16 GW of new energy storage over the next decade. Between 2035 and 2050, the modeling indicates installed capacity is expected to grow another 50 to 60 percent.
This rapid growth in wind, solar and storage deployment will create significant financial, employment and emissions benefits for Canada. It represents an important investment opportunity worth $143B to $205B in the next 10 years and significant new job creation opportunities, equivalent to 250,000 to 350,000 direct and indirect full-time equivalent (FTE) job-years from 2025 to 2035.
The projected deployments also represent significant reductions in the GHG emissions associated with electricity production, thereby reducing the emission intensity of Canada’s grid by more than 90% by 2050.
“It is going to happen,” said Leonard Kula, CanREA’s Vice-President of Strategic Initiatives, “because solar energy and wind energy are the most affordable and quickly deployable technologies available anywhere in the world today, and grid operators increasingly recognize the value that energy storage can deliver in an evolving grid. Every province and territory is currently deciding how to meet their growing electricity needs, and renewable energy and energy storage are important parts of the solution. The deployment of new wind, solar and energy storage provides a smart and reliable solution for the fundamental challenge that affects electricity markets across Canada.”
The full report is now available for purchase on the CanREA website, where the executive summary of this report is currently available to download free of charge. The cost of $6,499 includes exclusive access to the full report in English and French, Appendix A (Detailed results and benchmarking) and Appendix B (Modeling methodology and references), as well as sub-licenses for up to 10 individuals at your company or organization.
There is a deep discount of 1/3 off for CanREA members
