Saturday, June 25 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Jun 20
Week of Jun 13
Week of Jun 06
Week of May 30
Week of May 23
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Canada Renewables SWOT


    May 27, 2022 - Fitch Solutions Sector Intelligence

     

      THIS COMMENTARY IS PUBLISHED BY FITCH SOLUTIONS COUNTRY RISK & INDUSTRY RESEARCH and is NOT a comment on Fitch Ratings' Credit Ratings. Any comments or data are solely derived from Fitch Solutions Country Risk & Industry Research and independent sources. Fitch Ratings analysts do not share data or information with Fitch Solutions Country Risk & Industry Research.

      Canada Renewables SWOT

      • 27 May 2022
      • Canada
      • Renewables
      SWOT Analysis

      Strengths

      • National and provincial targets to reduce carbon emissions mean that coal plants are closing, thus opening room for renewables projects.
      • Canadian geography offers huge possibilities for renewable energy development.
      • A number of provinces have adopted renewable energy and emission targets, and are actively seeking investment through auction programmes.
      • The continued access to domestically produced solar components supports growth in the solar sub-sector.

      Weaknesses

      • Canada's federal government sets targets but energy policy is decided at provincial level, leading to a patchwork of plans.
      • Canada’s offshore wind sub-sector is underdeveloped, and we expect this to remain the case as projects fail to gain traction.
      • Hydropower plants supply the majority of Canada's electricity, reducing the urgency to develop alternative renewable energy technology to reduce carbon emissions.

      Opportunities

      • Ambitious renewables targets in Alberta and Saskatchewan are creating new growth opportunities for wind and solar.
      • The development of a smart grid across parts of the country will enable increases in energy efficiency and further integration of renewables.
      • Nova Scotia has some of the world's highest and fastest tides, with as much as 30GW of potential generating capacity for tidal power technologies.

      Threats

      • Public opposition remains a pertinent obstacle for the renewable energy industry, particularly the wind sector.
      • Feed-in tariffs are falling out of favour in some jurisdictions, most recently in Ontario. Policy uncertainty has the potential to dent investor confidence in the market.
      • Low power consumption growth means that most renewables projects are dictated by environmental requirements rather than higher energy needs.
      This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). FSG is solely responsible for the content of this report, without any input from Fitch Ratings.

    TOP

    Other Articles - Utility Business / General


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.