The forecast for wind electric power generation at private electric utilities in Canada shows a gradual decline from 2024 to 2028. The actual value for 2023 was 7.4965 million kilowatts. Year-on-year variations are as follows: from 2024 to 2025, there is a -0.42% drop; from 2025 to 2026, a -0.42% decline; from 2026 to 2027, a -0.41% decrease; and from 2027 to 2028, another -0.41% dip. The Compound Annual Growth Rate (CAGR) over the five-year period shows an average annual decline of -0.42%.
Future trends to watch for include technological advancements in wind turbine efficiency, government policies for renewable energy incentives, and potential shifts in energy demand patterns. Monitoring these factors will be crucial in understanding the long-term sustainability and potential resurgence of wind power generation in Canada.