Renewable energy industry in Canada28 October 2013 by Invest in Canada
Global investment in renewable power and fuels reached US$211bn in 2010, up 32% on the previous year.
Total investment in renewable energy exceeded investment in traditional power sources for the first time ever, and renewable energy accounted for approximately half of new electric capacity added - nearly 97 Gigawatts (GW) of power.
Canada has the third largest renewable energy capacity in the world, with 17% of its total primary energy supply (TPES) and more than 60% of total electricity generated by renewable sources.
Canada has considerable hydroelectricity capacity and is also rapidly developing strong companies in the wind and solar energy sectors.
Global solar photovoltaic (solar PV) capacity increased by 72% in 2010, and year-on-year wind power capacity growth was 25%.
It is estimated that solar PV will produce 11% of the world's electricity by 2050. Wind power could provide up to 22% of the world's electricity demand by 2030.
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Renewable energy industry in Canada