Renewable Energy
Opportunities in
clean energy
Canada is a smart, strategic choice for renewable energy projects, offering vast untapped potential. Total wind, solar and storage installed capacity grew by 46% in recent years. By the end of 2024, Canada had close to 600 commercial scale projects in battery storage, solar and wind energy.
Explosive growth across the sector is expected to continue – another 10,000 MW of new wind, solar and storage is planned by 2030 to meet demand for data centres, electrified transportation and industry conversion to electricity.
Plus, there’s a growing pipeline of billions of dollars in planned projects – all factors drawing major companies like Berkshire Hathaway Energy, Copenhagen Infrastructure Partners and EDF Renewables.
Explore Canada’s opportunities in renewables.
Canadian leadership in renewable energy
Battery energy storage
Batteries are the most scalable energy storage technology, making them a cost-effective alternative to traditional grid infrastructure. They’re proving critical to meeting rising demand for electricity to power data centres, electrified transportation and industry. Plus, battery energy storage allows renewable energy to be easily redistributed during peak demand periods.
The National Research Council’s battery energy storage team works with industry and collaborators to develop next-gen energy storage materials, devices and applications. The group has expertise in critical minerals, battery materials, battery cell prototyping and battery recycling.
Solar energy
Global demand for solar energy is rising – driven by an 83% drop in costs over the past 15 years.
That’s why global companies with bold ambitions are turning to Canada, which offers vast potential and energy capacity. As of 2025, there are more than 200 major solar projects producing power across Canada, and another $8.8 billion in solar projects planned or under construction. Alberta and Ontario lead solar deployment in Canada.
Provinces are increasingly turning to private developers to meet demand. Québec, Ontario and British Columbia are actively seeking private investment to expand solar infrastructure and meet carbon reduction targets.
Wind energy
Canada’s wind energy sector is attracting strong interest from global companies. Canada offers the land resources, high wind speeds, and physical and economic conditions needed to scale wind power generation.
Alberta, Ontario and Québec are leading the charge, supported by deep technical expertise, supportive government policies and a mature energy infrastructure.
As home to some of the world’s strongest wind resources, Atlantic Canada is emerging as one of the most promising regions for wind energy projects in North America.
Today, more than 340 major wind projects are actively producing power, and the pipeline continues to grow. With $26.8 billion committed to 31 new wind generation projects, the opportunity for long-term success is clear.
Nuclear energy
Canada is the second largest producer of uranium worldwide, accounting for 24% of global supply. All production leverages Saskatchewan’s high-grade deposits, where the uranium concentrations are up to 100 times larger than the global average.
Canada combines decades of expertise – from R&D and isotope production to waste management – with a commitment to sustainability and safety. At the core of this leadership is the CANDU reactor, a Canadian-designed technology recognized globally for its reliability and efficiency.
Industry leader Hitachi GE Vernova Nuclear Energy has started construction on the first small modular reactor (SMR) project in the G7 at the Darlington Nuclear Generating Station in Ontario. More than 80 companies are working with Ontario Power Corporation to the SMR initiative. The Canada Growth Fund is investing $2 billion to support the construction and operation of the SMRs and the Ontario government is investing an additional $1 billion.
Other SMR projects are advancing in Alberta, New Brunswick and Saskatchewan, including micro-reactor pilots.
SMRs have the potential to support on-grid power generation, especially for public utilities aiming to replace end-of-life coal plants, and off-grid heat and power for heavy industry. They can serve remote communities with off-grid power, district heating and desalination – helping to reduce reliance on diesel fuel.
Battery energy companies across Canada
Canada has a wide range of companies pursuing innovation in batteries and battery storage, from startups to well-established industry leaders.
Oneida Energy Storage is a fully operational 250 MW/1,000 MWh lithium-ion battery storage facility in Haldimand, Ontario. It’s the largest battery energy storage facility in operation in Canada and one of the largest in the world. This partnership between Northland Power, local Indigenous communities and other partners has set the standard for public-private sector collaboration.
Peak Power develops battery storage and energy optimization solutions powered by peak forecasting and market intelligence. The Toronto-based company helps large energy users reduce electricity costs and pursue their sustainability goals.
Moment Energy develops energy storage systems that increase energy reliability in off-grid areas. The Surrey, British Columbia company’s solutions help customers with peak shaving, backup power, EV charging, and storing and discharging excess solar or wind power.
Eneon-ES manufactures and distributes battery energy storage systems (BESS) for North American markets in Calgary, Alberta.
Fast-tracked approvals and incentives to support your success
Canada’s Major Projects Office offers financing for renewable energy projects, together with faster project reviews and simpler regulatory processes. Approvals are fast-tracked to a maximum of 2 years, making it easier to structure deals and access capital.
Canada offers government programs and incentives to fuel growth in the renewable energy industry:
Advanced Clean Energy program: Accelerates the development of clean, renewable fuels and energy storage solutions that help transition to a low‑carbon future. Provides access to expertise and facilities at the National Research Council.
Clean Economy Investment Tax Credits: Provides tax credits, together with technical and engineering support, for clean technology and manufacturing projects.
Canada Growth Fund: Invests in low-carbon projects, technologies and businesses. Helps clean technology companies scale up successfully.
Clean tech funding finder: Lists funding, loans, wage subsidies and tax credits for clean tech projects in Canada.
Strategic Response Fund: Supports large-scale projects through funding for innovation, technology development and capital investments that modernize operations and expand industrial capacity.
Why choose Canada
Vast potential in solar and wind energy and storage capacity
Established renewable energy sector with major projects by leading companies
R&D and expertise in battery energy storage and nuclear, solar and wind energy
Stable, business-friendly environment
Lowest marginal effective tax rate on new business investment in the G7
Explore Canada's energy sector
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