According to GlobalData, hydropower accounted for 54% of Canada’s total installed power generation capacity and 60% of total power generation in 2021. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Canada Hydropower Analysis: Market Outlook to 2035 report. Buy the report here.
Overall, Canada’s hydropower generation capacity grew by a CAGR of 0.71% from 2010 to 2021, to reach 81,138MW, and generation grew by a CAGR of 0.76% to reach 363,609GWh in 2021.
Installed capacity is forecast to increase by 3,426MW from 2022 to 2035, at which point hydropower is expected to account for 45% of total installed generation capacity. Large hydropower capacity rose from 71,070MW in 2010 to 76,493MW in 2021 at a CAGR of 0.67%. It is expected that large hydropower will reach 79,698MW by 2035, growing at a CAGR of 0.29% during 2021-2035. Pumped hydropower is expected to remain constant at 174MW during 2021-2035. Small hydropower capacity is expected to be 4,693MW by the end of 2035.
For more detailed analysis of the hydropower sector in Canada, buy the report here.