According to GlobalData, thermal power accounted for 24% of Canada’s total installed power generation capacity and 17% of total power generation in 2021. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Canada Thermal power Analysis: Market Outlook to 2035 report. Buy the report here.
Installed capacity is forecast to increase from 2022 to 2035, at which point thermal power is expected to account for 20% of total installed generation capacity. Coal capacity declined during 2010 to 2021 at a CAGR of 7.65%. The country plans to decommission coal power projects, which will result in a further decline in its cumulative installed capacity by 2035.
For more detailed analysis of the thermal power sector in Canada, buy the report here.
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