Renewable energy supply in Canada, excluding solid biofuels, showed fluctuations over the past decade, peaking in 2013 with a decline to 2019. However, 2020 saw a significant 9.37% increase, likely due to policy shifts or technological advancements. From 2021 to 2023, a gradual stabilization occurred with slight annual increases. By 2023, renewable energy supply stood at 13.47 units. The CAGR for the past five years was 1.1%, indicating moderate growth.
Future trends to watch for include:
- Continued investments in renewable energy technologies
- Government policies supporting green energy
- Potential impact of global energy markets