Forecast: Share of Renewable Electricity Generation in Canada

The share of renewable electricity generation in Canada has shown a steady upward trend from 63.3% in 2013 to 64.17% in 2023, reflecting a year-on-year variation of approximately 0.2% and a CAGR of 0.21% over the past five years. Forecasted data indicates this growth will continue, reaching 64.78% by 2028, with a projected five-year CAGR of 0.15% and an annual growth rate of 0.75%.

Future trends to watch for:

• Advancements in renewable energy technologies
• Government policies and incentives
• Market conditions affecting investments in green energy
• Global energy demand and climate change commitments