Solar Photovoltaic (PV) in Canada, Market Outlook to 2030 - Capacity, Generation, Levelized Cost of Energy (LCOE), Investment Trends, Regulations and Company Profiles

 Published On: Nov, 2017 |    No of Pages: 152 |  Published By: GlobalData | Format: PDF
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Summary

"Solar Photovoltaic (PV) in Canada, Market Outlook to 2030 - Capacity, Generation, Levelized Cost of Energy (LCOE), Investment Trends, Regulations and Company Profiles", is the latest report from GlobalData, the industry analysis specialists that offer comprehensive information and understanding of the Solar Photovoltaic (PV) market in Canada.

The report provides in depth analysis on global renewable power market and global Solar Photovoltaic (PV) market with forecasts up to 2030. The report analyzes the power market scenario in Canada (includes conventional thermal, nuclear, large hydro and renewable energy sources) and provides future outlook with forecasts up to 2030. The research details renewable power market outlook in the country (includes hydro, small hydro, biopower and Solar Photovoltaic (PV)) and provides forecasts up to 2030. The report highlights installed capacity and power generation trends from 2006 to 2030 in Canada Solar Photovoltaic (PV) market. A detailed coverage of renewable energy policy framework governing the market with specific policies pertaining to Solar Photovoltaic (PV) is provided in the report. The research also provides company snapshots of some of the major market participants.

The report is built using data and information sourced from proprietary databases, secondary research and in-house analysis by GlobalData's team of industry experts.

Scope

The report analyses global renewable power market, global Solar Photovoltaic (PV) market, Canada power market, Canada renewable power market and Canada Solar Photovoltaic (PV) market. The scope of the research includes -
- A brief introduction on global carbon emissions and global primary energy consumption.
- An overview on global renewable power market, highlighting installed capacity trends, generation trends and installed capacity split by various renewable power sources. The information is covered for the historical period 2006-2016 (unless specified) and forecast period 2017-2030.
- Renewable power sources include wind (both onshore and offshore), Solar Photovoltaic (PV), concentrated solar power (CSP), small hydro power (SHP), biomass, biogas and geothermal.
- Detailed overview of the global Solar Photovoltaic (PV) market with installed capacity and generation trends, installed capacity split by major Solar Photovoltaic (PV)power countries in 2016 and key owners information of various regions.
- Power market scenario in Canada and provides detailed market overview, installed capacity and power generation trends by various fuel types (includes thermal conventional, nuclear, large hydro and renewable energy sources) with forecasts up to 2030.
- An overview on Canada renewable power market, highlighting installed capacity trends (2006-2030), generation trends(2006-2030) and installed capacity split by various renewable power sources in 2016.
- Detailed overview of Canada Solar Photovoltaic (PV) market with installed capacity and generation trends and major active and upcoming Solar Photovoltaic (PV) projects.
- Deal analysis of Canada Solar Photovoltaic (PV) market. Deals are analyzed on the basis of mergers, acquisitions, partnership, asset finance, debt offering, equity offering, private equity (PE) and venture capitalists (VC).
- Key policies and regulatory framework supporting the development of renewable power sources in general and Solar Photovoltaic (PV) in particular.
- Company snapshots of some of the major market participants in the country.

Reasons to buy

- The report will enhance your decision making capability in a more rapid and time sensitive manner.
- Identify key growth and investment opportunities in Canada Solar Photovoltaic (PV) market.
- Facilitate decision-making based on strong historic and forecast data for Solar Photovoltaic (PV) market.
- Position yourself to gain the maximum advantage of the industry's growth potential.
- Develop strategies based on the latest regulatory events.
- Identify key partners and business development avenues.
- Understand and respond to your competitors' business structure, strategy and prospects.

1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 6
1.2 List of Figures 8
2 Executive Summary 9
2.1 Global Carbon Emissions to Increase at a Lower rate During the Forecast Period 9
2.2 Technological Advancements and Government Support Driving Global Renewable Power Installations 9
2.3 Large Hydro and Pumped Storage is the Dominant Source in the Canadian Power Mix 10
2.4 Growth Expected in Renewable Sector 10
2.5 Growth in Canadian Solar PV Market Bolstered by the Regulatory Framework 11
3 Introduction 12
3.1 Carbon Emissions, Global, 2001-2016 12
3.2 Primary Energy Consumption, Global, 2001-2030 14
3.3 Solar Photovoltaic (PV), Global, Technology Definition and Classification 16
3.4 Report Guidance 17
4 Renewable Power Market, Global, 2006-2030 18
4.1 Renewable Power Market, Global, Overview 18
4.2 Renewable Power Market, Global, Installed Capacity, 2006-2030 19
4.2.1 Renewable Power Market, Global, Cumulative Installed Capacity by Source Type, 2006-2030 19
4.2.2 Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type, 2016 and 2030 21
4.2.3 Renewable Power Market, Global, Net Capacity Additions by Source Type, 2016-2030 23
4.2.4 Renewable Power Market, Global, Comparison by Cumulative Installed Capacity of Technology, 2016-2030 25
4.3 Renewable Power Market, Global, Power Generation, 2006-2030 27
4.3.1 Renewable Power Market, Global, Power Generation by Source Type, 2006-2030 27
4.3.2 Renewable Power Market, Global, Power Generation, Source Comparison Based on Power Generation, 2016-2030 29
4.4 Renewable Power Market, Global, LCOE Comparison of Power Generating Sources, 2016 31
5 Solar Photovoltaic (PV) Market, Global, 2006-2030 34
5.1 Solar Photovoltaic (PV) Market, Global, Overview 34
5.2 Solar Photovoltaic (PV) Market, Global, Installed Capacity, 2006-2030 35
5.2.1 Solar Photovoltaic (PV) Market, Global, Installed Capacity Share by Region, 2016 and 2030 37
5.2.2 Solar Photovoltaic (PV) Market, Global, Installed Capacity Share by Country, 2016 and 2030 39
5.3 Solar Photovoltaic (PV) Market, Global, Power Generation, 2006-2030 41
5.3.1 Solar Photovoltaic (PV) Market, Global, Generation Share by Region, 2016 and 2030 43
5.3.2 Solar Photovoltaic (PV) Market, Global, Generation Share by Country, 2016 and 2030 45
5.4 Solar Photovoltaic (PV) Market, Global, Investment Trends, 2016-2020 47
6 Power Market, Canada, 2006-2030 49
6.1 Power Market, Canada, Overview 49
6.2 Power Market, Canada, Installed Capacity, 2006-2030 50
6.2.1 Power Market, Canada, Cumulative Installed Capacity by Fuel Type, 2006-2030 50
6.2.2 Power Market, Canada, Share in Cumulative Installed Capacity Split by Source Type, 2016 and 2030 53
6.2.3 Power Market, Canada, Net Capacity Additions by Fuel Type, 2016 and 2030 54
6.2.4 Power Market, Canada, Comparison of Technologies Based on Installed Capacity, 2016-2030 56
6.3 Power Market, Canada, Power Generation, 2006-2030 58
6.3.1 Power Market, Canada, Power Generation by Fuel Type, 2006-2030 58
6.3.2 Power Market, Canada, Comparison of Technologies Based on Power Generation, 2016-2030 61
7 Renewable Power Market, Canada, 2006-2030 63
7.1 Renewable Power Market, Canada, Overview 63
7.2 Renewable Power Market, Canada, Installed Capacity, 2006-2030 64
7.2.1 Renewable Power Market, Canada, Cumulative Installed Capacity by Source Type, 2006-2030 64
7.2.2 Renewable Power Market, Canada, Cumulative Installed Capacity Split by Source Type, 2016 and 2030 67
7.2.3 Renewable Power Market, Canada, Net Capacity Additions by Source Type, 2016-2030 68
7.2.4 Renewable Power Market, Canada, Comparison of Renewable Power Sources Based on Installed Capacity, 2016-2030 70
7.3 Renewable Power Market, Canada, Power Generation, 2006-2030 72
7.3.1 Renewable Power Market, Canada, Power Generation by Source Type, 2006-2030 72
7.3.2 Renewable Power Market, Canada, Comparison of Renewable Power Sources Based on Power Generation, 2016-2030 75
8 Solar Photovoltaic (PV) Market, Canada, 2006-2030 77
8.1 Solar Photovoltaic (PV) Market, Canada, Overview 77
8.2 Solar Photovoltaic (PV) Market, Canada, Installed Capacity, 2006-2030 78
8.3 Solar Photovoltaic (PV) Market, Canada, Power Generation, 2006-2030 80
8.4 Solar Photovoltaic (PV) Market, Canada, Investment Trends, 2016-2020 82
8.5 Solar Photovoltaic (PV) Market, Canada, Project Based Analysis, 2016 84
8.5.1 Solar Photovoltaic (PV) Market, Canada, Major Active Plants, 2016 84
8.5.2 Solar Photovoltaic (PV) Market, Canada, Key Under-construction Projects, 2016 85
8.6 Solar Photovoltaic (PV) Market, Canada, Deal Analysis, 2016 86
8.6.1 Solar Photovoltaic (PV) Market, Canada, Deal Volume vs. Deal Value, 2006-2016 86
8.6.2 Solar Photovoltaic (PV) Market, Canada, Split by Deal Type, 2016 88
9 Power Market, Regulatory Scenario, Canada 90
9.1 Overview 90
9.2 Provincial Incentives 91
9.3 Renewable Energy Policy Framework, Prince Edward Island 92
9.4 Renewable Energy Policy Framework, Manitoba 92
9.5 Renewable Energy Policy Framework, Saskatchewan 92
9.6 Renewable Energy Policy Framework, Northwest Territories 93
9.7 Support for Net Metering Program, Province of Nunavut 93
9.8 Renewable Energy Policy Framework, Alberta 93
9.8.1 Climate Leadership Plan (CLP) 93
9.8.2 Climate Change Strategy 94
9.8.3 Provincial Energy Strategy 94
9.8.4 Residential and Commercial Solar Program 94
9.8.5 Financial Incentives and Policy Support for Wind 95
9.8.6 Nine-Point Bioenergy Plan 96
9.9 Renewable Energy Policy Framework, British Columbia 97
9.9.1 Hydro Net Metering 97
9.9.2 Energy Plan: A Vision for Clean Energy Leadership 98
9.9.3 Innovative Clean Energy Fund 98
9.9.4 Standing Offer Program 99
9.9.5 LiveSmart Efficiency Incentive Program 99
9.10 Renewable Energy Policy Framework, Nova Scotia 99
9.10.1 Renewable Electricity Plan, 2010 99
9.10.2 Energy Strategy 2009 100
9.10.3 Renewable Energy Standard Regulations, 2007 100
9.10.4 Net Metering 101
9.10.5 Community Feed-in Tariffs 102
9.10.6 Solar Gain Project 102
9.10.7 Wind Atlas 102
9.10.8 EnerGuide for New Houses 102
9.10.9 Commercial and Industrial Custom Program 102
9.10.10 Small Business Lighting Solutions Program 103
9.10.11 EcoEnergy Retrofit Incentive for Buildings 103
9.11 Renewable Energy Policy Framework, Quebec 103
9.11.1 Energy Policy 2030 103
9.11.2 Energy Strategy 2006-2015 103
9.11.3 Energy Policy 2017-2020 Action Plan 104
9.11.4 Net Metering 104
9.11.5 Wind Farm Construction on Public Land 104
9.11.6 Wind Farm Construction on Private Land 104
9.11.7 Rénoclimat and Novoclimat Program 105
9.11.8 RénoVert Tax Credit 105
9.11.9 Hydro Grants 105
9.11.10 Climate Change Action Plan 2013-2020 105
9.11.11 Tax Credit for Ethanol Production 105
9.12 Renewable Energy Policy Framework, Ontario 105
9.12.1 Financial Incentives and Policy Support for Renewable Energy Sources 105
9.12.2 Financial Incentives and Policy Support for Solar 110
9.12.3 Financial Incentives and Policy Support for Wind 111
9.12.4 Financial Incentives and Policy Support for Geothermal 111
9.12.5 Financial Incentives and Policy Support for Hydropower 112
9.12.6 Financial Incentives and Policy Support for Bioenergy 112
9.13 Funding to Promote Biofuels Industry 113
9.13.1 EcoENERGY for Biofuels Initiative 113
9.13.2 NextGen Biofuels Fund 113
9.14 Accelerated Capital Cost Allowance 114
9.15 Industrial Electricity Incentive Program 114
9.16 SaveONenergy Conservation Programs 114
9.17 Program of Energy Research and Development 114
9.18 Clean Energy Innovation Program 114
10 Solar Photovoltaic (PV) Market, Canada, Company Profiles 115
10.1 Company Snapshot: TransCanada Corporation 115
10.1.1 TransCanada Corporation - Company Overview 115
10.1.2 TransCanada Corporation - Business Description 115
10.1.3 TransCanada Corporation - SWOT Analysis 115
10.1.4 TransCanada Corporation - Major Products and Services 119
10.1.5 TransCanada Corporation - Head Office 119
10.2 Company Snapshot: Osaka Gas Co., Ltd. 120
10.2.1 Osaka Gas Co., Ltd. - Company Overview 120
10.2.2 Osaka Gas Co., Ltd. - Business Description 120
10.2.3 Osaka Gas Co., Ltd. - SWOT Analysis 121
10.2.4 Osaka Gas Co., Ltd. - Major Products and Services 123
10.2.5 Osaka Gas Co., Ltd. - Head Office 124
10.3 Company Snapshot: Northland Power Inc. 125
10.3.1 Northland Power Inc. - Company Overview 125
10.3.2 Northland Power Inc. - Business Description 125
10.3.3 Northland Power Inc. - SWOT Analysis 126
10.3.4 Northland Power Inc. - Major Products and Services 128
10.3.5 Northland Power Inc. - Head Office 128
10.4 Company Snapshot: Mitsubishi Corporation 129
10.4.1 Mitsubishi Corporation - Company Overview 129
10.4.2 Mitsubishi Corporation - Business Description 129
10.4.3 Mitsubishi Corporation - SWOT Analysis 131
10.4.4 Mitsubishi Corporation - Major Products and Services 135
10.4.5 Mitsubishi Corporation - Head Office 137
10.5 Company Snapshot: KKR & Co. L.P. 138
10.5.1 KKR & Co. L.P. - Company Overview 138
10.5.2 KKR & Co. L.P. - Major Products and Services 138
10.5.3 KKR & Co. L.P. - Head Office 138
10.6 Company Snapshot: Fiera Axium Infrastructure Inc. 139
10.6.1 Fiera Axium Infrastructure Inc. - Company Overview 139
10.6.2 Fiera Axium Infrastructure Inc. - Major Products and Services 139
10.6.3 Fiera Axium Infrastructure Inc. - Head Office 139
10.7 Company Snapshot: Enbridge Inc. 140
10.7.1 Enbridge Inc. - Company Overview 140
10.7.2 Enbridge Inc. - Business Description 140
10.7.3 Enbridge Inc. - SWOT Analysis 140
10.7.4 Enbridge Inc. - Major Products and Services 143
10.7.5 Enbridge Inc. - Head Office 143
10.8 Company Snapshot: BlackRock, Inc. 144
10.8.1 BlackRock, Inc.  - Company Overview 144
10.8.2 BlackRock, Inc. - Business Description 144
10.8.3 BlackRock, Inc.  - SWOT Analysis 144
10.8.4 BlackRock, Inc.  - Major Products and Services 147
10.8.5 BlackRock, Inc.  - Head Office 148
11 Appendix 149
11.1 Abbreviations 149
11.2 Bibliography 149
11.3 Market Definitions 150
11.4 Methodology 150
11.5 Coverage 150
11.5.1 Secondary Research 150
11.5.2 Primary Research 151
11.5.3 Modeling and Forecasting 151
11.6 Contact Us 151
11.7 Disclaimer 152

1.1 List of Tables
Table 1: Carbon Dioxide Emissions from Energy Consumption, Global (MT), 2001-2016 14
Table 2: Primary Energy Consumption, Global (Mtoe), 2001-2030 16
Table 3: Renewable Power Market, Global, Cumulative Installed Capacity by Source Type (MW), 2006-2030 20
Table 4: Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type (%), 2016 and 2030 22
Table 5: Renewable Power Market, Global, Net Capacity Additions by Source Type (MW), 2016-2030 24
Table 6: Renewable Power Market, Global, Comparison by Cumulative Installed Capacity of Technology, 2016-2030 26
Table 7: Renewable Power Market, Global, Power Generation (GWh), 2006-2030 28
Table 8: Renewable Power Market, Global, Power Generation, Source Comparison Based on Power Generation, 2016-2030 30
Table 9: Renewable Power Market, Global, Assumptions for LCOE Calculation 31
Table 10: Renewable Power Market, Global, LCOE Comparison of Power-generating Sources ($/kWh), 2016 33
Table 11: Solar Photovoltaic (PV) Market, Global, Installed Capacity (MW), 2006-2030 36
Table 12: Solar Photovoltaic (PV) Market, Global, Cumulative Installed Capacity Share by Region (%), 2016 and 2030 38
Table 13: Solar Photovoltaic (PV) Market, Global, Cumulative Installed Capacity Share by Country (%), 2016 and 2030 40
Table 14: Solar Photovoltaic (PV) Market, Global, Power Generation (GWh), 2006-2030 42
Table 15: Solar Photovoltaic (PV) Market, Global, Generation Share by Region (%), 2016 and 2030 44
Table 16: Solar Photovoltaic (PV) Market, Global, Generation Share by Country (%), 2016 and 2030 46
Table 17: Solar Photovoltaic (PV) Market, Global, Investment Trends ($m), 2016-2020 48
Table 18: Power Market, Canada, Cumulative Installed Capacity by Fuel Type(MW), 2006-2030 52
Table 19: Power Market, Canada, Cumulative Installed Capacity Split by Source Type (%), 2016 and 2030 53
Table 20: Power Market, Canada, Net Capacity Additions by Fuel Type(MW), 2016 and 2030 55
Table 21: Power Market, Canada, Comparison of Technologies Based on Installed Capacity, 2016-2030 57
Table 22: Power Market, Canada, Power Generation by Fuel Type (GWh), 2006-2030 60
Table 23: Power Market, Canada, Comparison of Technologies Based on Power Generation, 2016-2030 62
Table 24: Renewable Power Market, Canada, Cumulative Installed Capacity by Source Type (MW), 2006-2030 66
Table 25: Renewable Power Market, Canada, Cumulative Installed Capacity Split by Source Type (%), 2016 and 2030 67
Table 26: Renewable Power Market, Canada, Net Capacity Additions by Source Type (MW), 2016-2030 69
Table 27: Renewable Power Market, Canada, Comparison of Renewable Power Sources Based on Installed Capacity, 2016-2030 71
Table 28: Renewable Power Market, Canada, Power Generation by Source Type (GWh), 2006-2030 74
Table 29: Renewable Power Market, Canada, Comparison of Renewable Power Sources Based on Power Generation, 2016-2030 76
Table 30: Solar Photovoltaic (PV) Market, Canada, Installed Capacity (MW), 2006-2030 79
Table 31: Solar Photovoltaic (PV) Market, Canada, Power Generation (GWh), 2006-2030 81
Table 32: Solar Photovoltaic (PV) Market, Canada, New Investment ($m), 2016-2020 83
Table 33: Solar Photovoltaic (PV) Market, Canada, Major Active Plants, 2016 84
Table 34: Solar Photovoltaic (PV) Market, Canada, Key Under-construction Projects, 2016 85
Table 35: Solar Photovoltaic (PV) Market, Canada, Deal Volume vs. Deal Value ($m), 2006-2016 87
Table 36: Solar Photovoltaic (PV) Market, Canada, Deals by Type, 2016 89
Table 37: Key Regulatory Authorities, Canada 90
Table 38: Renewable Energy Targets, Canada 91
Table 39: Feed-in Tariffs, Ontario, 2016 106
Table 40: Feed-in Tariffs, Ontario, 2017 106
Table 41: Additional Price Incentives on Feed-in Tariff, Ontario, 2016 107
Table 42: Additional Price Incentives on Feed-in Tariff, Ontario, 2017 107
Table 43: ecoENERGY for Biofuels Incentives (CAD/liter and $/liter), 2008-2016 113
Table 44: TransCanada Corporation, Major Products and Services 119
Table 45: Osaka Gas Co., Ltd., Major Products and Services 123
Table 46: Northland Power Inc., Major Products and Services 128
Table 47: Mitsubishi Corporation, Major Products and Services 135
Table 48: KKR & Co. L.P., Major Products and Services 138
Table 49: Fiera Axium Infrastructure Inc., Major Products and Services 139
Table 50: Enbridge Inc., Major Products and Services 143
Table 51: BlackRock, Inc. , Major Products and Services 147
Table 52: Abbreviations 149

1.2 List of Figures
Figure 1: Power Market, Canada, Cumulative Installed Capacity by Type of Power Plant (%), 2016 10
Figure 2: Carbon-di-oxide Emissions from Energy Consumption, Global (MT), 2001-2016 13
Figure 3: Primary Energy Consumption, Global (Mtoe), 2001-2030 15
Figure 4: Renewable Power Market, Global, Cumulative Installed Capacity by Source Type (MW), 2006-2030 19
Figure 5: Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type (%), 2016 and 2030 21
Figure 6: Renewable Power Market, Global, Net Capacity Additions by Source Type (MW), 2016-2030 23
Figure 7: Renewable Power Market, Global, Comparison by Cumulative Installed Capacity of Technology, 2016-2030 25
Figure 8: Renewable Power Market, Global, Power Generation (GWh), 2006-2030 27
Figure 9: Renewable Power Market, Global, Power Generation, Source Comparison Based on Power Generation, 2016-2030 29
Figure 10: Renewable Power Market, Global, LCOE Comparison of Power-generating Sources ($/kWh), 2016 32
Figure 11: Solar Photovoltaic (PV) Market, Global, Installed Capacity (MW), 2006-2030 35
Figure 12: Solar Photovoltaic (PV) Market, Global, Cumulative Installed Capacity Share by Region (%), 2016 and 2030 37
Figure 13: Solar Photovoltaic (PV) Market, Global, Cumulative Installed Capacity Share by Country (%), 2016 and 2030 39
Figure 14: Solar Photovoltaic (PV) Market, Global, Power Generation (GWh), 2006-2030 41
Figure 15: Solar Photovoltaic (PV) Market, Global, Generation Share by Region (%), 2016 and 2030 43
Figure 16: Solar Photovoltaic (PV) Market, Global, Generation Share by Country (%), 2016 and 2030 45
Figure 17: Solar Photovoltaic (PV) Market, Global, Investment Trends ($m), 2016-2020 47
Figure 18: Power Market, Canada, Cumulative Installed Capacity by Fuel Type(MW), 2006-2030 51
Figure 19: Power Market, Canada, Cumulative Installed Capacity Split by Source Type (%), 2016 and 2030 53
Figure 20: Power Market, Canada, Net Capacity Additions by Fuel Type(MW), 2016 and 2030 54
Figure 21: Power Market, Canada, Comparison of Technologies Based on Installed Capacity, 2016-2030 56
Figure 22: Power Market, Canada, Power Generation by Fuel Type (GWh), 2006-2030 59
Figure 23: Power Market, Canada, Comparison of Technologies Based on Power Generation, 2016-2030 61
Figure 24: Renewable Power Market, Canada, Cumulative Installed Capacity by Source Type (MW), 2006-2030 65
Figure 25: Renewable Power Market, Canada, Cumulative Installed Capacity Split by Source Type (%), 2016 and 2030 67
Figure 26: Renewable Power Market, Canada, Net Capacity Additions by Source Type (MW), 2016-2030 68
Figure 27: Renewable Power Market, Canada, Comparison of Renewable Power Sources Based on Installed Capacity, 2016-2030 70
Figure 28: Renewable Power Market, Canada, Power Generation by Source Type (GWh), 2006-2030 73
Figure 29: Renewable Power Market, Canada, Comparison of Renewable Power Sources Based on Power Generation, 2016-2030 75
Figure 30: Solar Photovoltaic (PV) Market, Canada, Installed Capacity (MW), 2006-2030 78
Figure 31: Solar Photovoltaic (PV) Market, Canada, Power Generation (GWh), 2006-2030 80
Figure 32: Solar Photovoltaic (PV) Market, Canada, New Investment ($m), 2016-2020 82
Figure 33: Solar Photovoltaic (PV) Market, Canada, Deal Volume vs. Deal Value ($m), 2006-2016 86
Figure 34: Solar Photovoltaic (PV) Market, Canada, Split by Deal Type (%), 2016 88


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