Over the past decade, Canada's renewable power generation has seen significant growth. In 2013, the value stood at 23.68 Terawatthours and grew steadily to reach 58.88 Terawatthours in 2023, representing an average CAGR of 4.4% over the last five years. The year-on-year variations highlight periods of both significant growth and slight declines, such as a substantial increase of 61.12% in 2015 and a minor decrease of 0.72% in 2019.
Between 2023 and 2028, the forecast indicates a continued growth trend, with a projected 5-year CAGR of 3.1%. Key trends include the development of new renewable energy projects and technological advancements in efficiency and storage solutions. Renewable energy policies and global climate change targets will also play crucial roles in shaping the future landscape of power generation in Canada.