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Canada hydropower market: Government financial incentives supporting industry

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Analyzing the Hydropower Industry in Canada - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-25 08:01:03
Hydropower is the leading source of electricity in Canada, at more than 70% of overall generation. Due to the fact hydropower has some of the lowest life-cycle greenhouse gas emissions and produces no air pollution, it allows Canada to boast an electricity system that´s among the cleanest and most renewable in the world. Canada is also the world´s third-largest hydropower producer, with only China and Brazil generating more.

As new renewable energy options work toward sustained commercial viability, Canadian hydropower can provide a solid base on which success can be built. The top five hydropower producing provinces of Canada are Quebec, British Columbia, Manitoba, Ontario, and Newfoundland and Labrador. The hydropower sector of the country is mainly supported by financial incentives and policies introduced by the government.

Canada´s hydropower market is also driven by its vast hydro potential as well as rising clean energy demand in the US. Canada exports 40 TWh of hydropower on average every year to the US. Hydro-Quebec, BC Hydro and Ontario Power Generation Inc. are the top players in the industry.

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