The canada wind energy market size in terms of installed base is expected to increase from 18.95 gigawatt in 2025 to 20.10 gigawatt in 2026 and reach 28.5 gigawatt by 2031, growing at a CAGR of 7.23% over 2026-2031. This report is Segmented by Location (Onshore and Offshore), Turbine Capacity (Up To 3 MW, 3 To 6 MW, and Above 6 MW), and Application (Utility-Scale, Commercial and Industrial, and Community Projects). The Market Sizes and Forecasts are Provided in Terms of Installed Capacity (GW).
Other drivers and restraints analyzed in the detailed report include:
Onshore growth continues in the near term, with 2.4 GW under construction across Alberta, Saskatchewan, and Ontario. However, offshore capital intensity, USD 3.7 million per MW, nearly double onshore, concentrates ownership among European utilities and pension funds that prize long-dated, index-linked revenue streams. Once port constraints lift, offshore could represent 15% of the Canada wind energy market size by 2031.
Canada Wind Energy Market Trends and Insights
Federal Investment Tax Incentives & Clean Electricity Regulations
Canada’s dual-credit architecture allows qualified wind developers to stack a 30% Clean Technology Investment Tax Credit on top of a 15% Clean Electricity Investment Tax Credit. Projects that satisfy prevailing-wage rules and achieve 50% domestic content by 2027 effectively write off up to 40% of eligible capital, mirroring, but tightening, the incentives offered under the U.S. Inflation Reduction Act. The Clean Electricity Regulations further require any post-2035 generation asset to emit fewer than 30 tCO₂ per GWh, steering USD 29.6 billion of utility investment toward zero-carbon technologies, with wind the prime beneficiary. Ontario’s Long-Term 2 request for proposals illustrates the impact: 1.2 GW of wind contracts cleared in late 2025 at USD 63 per MWh, 20% under the province’s avoided-cost benchmark.Declining Levelized Cost of Wind Energy
Natural Resources Canada reports that unsubsidized LCOE for high-resource sites dropped to USD 44 per MWh in 2025, 35% lower than in 2020. The savings flow from turbine upsizing, higher net capacity factors, and supply-chain consolidation that cut nacelle costs by 18%. Alberta and Saskatchewan reap disproportionate benefits: 120-meter hub heights routinely yield 42% net capacity factors and 25 GWh of annual output per turbine. Repowering amplifies these gains; TransAlta’s Summerview swap lifted annual energy from 450 GWh to 520 GWh while trimming O&M to USD 9 per MWh.Grid Congestion & Curtailment Risk in Alberta/Ontario
Alberta curtailed 508 GWh of wind in 2024, up 178% year on year, with 1,800 MW of capacity attached to substations already running at 95% thermal limits. Projects receive no make-whole payments, and every 1% of lost generation shaves roughly 30 basis points from equity returns. Ontario’s Bruce Peninsula faces a parallel squeeze that will not ease before a USD 888 million line-twinning completes in 2029.Other drivers and restraints analyzed in the detailed report include:
- Surge in Corporate PPAs for Renewable Power
- Indigenous-Led Wind Project Pipelines
- Lengthy Permitting & Environmental Approvals
Segment Analysis
Onshore capacity held the entire Canadian wind energy market share in 2025 at 18.95 GW, yet offshore lease awards totaling 14 GW point to a structural mix shift over the forecast horizon. Nova Scotia alone licensed 5,000 km² of seabed with 55% capacity factors that underwrite feed-in tariffs at USD 89 per MWh. Newfoundland’s green-hydrogen play layers a 3 GW wind build on top of export infrastructure that promises EUR 1.50 per kg (USD 1.65 per kg) cost advantages versus European projects.Onshore growth continues in the near term, with 2.4 GW under construction across Alberta, Saskatchewan, and Ontario. However, offshore capital intensity, USD 3.7 million per MW, nearly double onshore, concentrates ownership among European utilities and pension funds that prize long-dated, index-linked revenue streams. Once port constraints lift, offshore could represent 15% of the Canada wind energy market size by 2031.
Complete Report Scope:
- By Location
- Onshore
- Offshore
- By Turbine Capacity
- Up to 3 MW
- 3 to 6 MW
- Above 6 MW
- By Application
- Utility-scale
- Commercial and Industrial
- Community Projects
- By Component (Qualitative Analysis)
- Nacelle/Turbine
- Blade
- Tower
- Generator and Gearbox
- Balance-of-System
List of Companies Covered in this Report:
- Siemens Gamesa Renewable Energy SA
- Vestas Wind Systems A/S
- General Electric Company (GE Vernova)
- Nordex SE
- Acciona Energía
- Capital Power Corp.
- TransAlta Corp.
- Alberta Wind Energy Corp.
- BluEarth Renewables Inc.
- Northland Power Inc.
- Innergex Renewable Energy Inc.
- EDP Renewáveis
- Pattern Energy Group LP
- Brookfield Renewable Partners L.P.
- Boralex Inc.
- EDF Renewables Canada Inc.
- Enbridge Inc. (Renewables)
- Invenergy Canada
- RES Canada Ltd.
- Suncor Energy (Climate Solutions)
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
Table of Contents
1 Introduction
4 Market Landscape
5 Market Size & Growth Forecasts
6 Competitive Landscape
7 Market Opportunities & Future Outlook
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Siemens Gamesa Renewable Energy SA
- Vestas Wind Systems A/S
- General Electric Company (GE Vernova)
- Nordex SE
- Acciona Energía
- Capital Power Corp.
- TransAlta Corp.
- Alberta Wind Energy Corp.
- BluEarth Renewables Inc.
- Northland Power Inc.
- Innergex Renewable Energy Inc.
- EDP Renewáveis
- Pattern Energy Group LP
- Brookfield Renewable Partners L.P.
- Boralex Inc.
- EDF Renewables Canada Inc.
- Enbridge Inc. (Renewables)
- Invenergy Canada
- RES Canada Ltd.
- Suncor Energy (Climate Solutions)
