Key Market Indicators
Canada's solar power capacity is projected to soar to approximately 8,300 megawatts by 2028, up from around 5,100 megawatts in 2023. This marks an average annual growth rate of 7.7%. The country's solar supply has seen substantial growth since 2001, with an annual increase of 10.3%. On the consumption side, Canada's solar energy usage is expected to climb to about 0.08 exajoules by 2028, rising from 0.06 exajoules in 2023. This represents an average yearly growth rate of 5.3%. Since 2014, the demand for solar energy in Canada has surged, recording an annual growth rate of 11.1%.
