Renewable energy consumption in Canada has experienced fluctuations over the past decade, standing at 23.86 units in 2023. The period from 2013 to 2023 saw an average annual growth rate (CAGR) of approximately 1.71%. Since 2021, the year-on-year consumption has increased by 1.32% in 2022 and 1.32% in 2023, indicating a steady upward trend. The forecast for 2024 to 2028 projects a 5.01% growth over five years with an average annual increase of 0.98% in renewable energy consumption.
Future trends to watch for include advances in renewable energy technology, shifts in governmental energy policies, investments in infrastructure, and evolving market demands which could significantly impact the renewable energy landscape in Canada.