Wind energy generation in Canada saw a substantial increase from 2013 to 2023, moving from 11.15 Terawatt-hours in 2013 to 39.34 Terawatt-hours in 2023. During this period, wind energy recorded varying rates of growth, with notable spikes in annual increases, most significantly in 2015 with a 110.39% rise. In recent years, the trend shows moderating growth with an annual increment of 7.97% in 2022 and 4.82% in 2023.
Over the last five years, the Compound Annual Growth Rate (CAGR) stood at 3.28%. Looking ahead to 2028, wind energy generation is forecasted to continue its upward trend, with a projected CAGR of 3.22% and an overall growth rate of 17.18% across the next five years.
Future trends to watch for include advancements in wind turbine technology, grid integration improvements, and potential policy shifts towards renewable energy incentives. Attention will be keenly focused on how these factors impact capacity additions and operational efficiencies moving forward.