Skyrocketing electricity demand on Canada’s grids over the next 25 years is set to turbocharge the construction of new renewable energy projects after the recent market downturn, according to a new industry forecast.

Provincial power procurements slated for later this year by several provinces are expected to spur investment of more than $200 billion by 2035, the report, produced by Canadian Renewable Energy Association (CanREA) with analysts Dunsky Energy, predicted.

The positive outlook came after a decade of steady, growing investment in clean power slowed last year in Canada, with a scant 314 MW of solar power switched on in 2024 — down from 765 MW the year before — as total production capacity reached 4,000 MW, according to figures released last year by CanREA . Wind power ha

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