Canada offers attractive renewable energy outlook

By Michael Barrett, Bennett Jones LLP
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Canada is a world leader in the production and use of energy from renewable sources. Over 60% of electricity generated in Canada is currently sourced from renewable energy facilities. Canada has the third largest renewable power capacity globally, after the US and China, and ranks third after Norway and New Zealand for the percentage of total electricity produced from renewable sources.

Michael Barrett
Michael Barrett

India is also bullish on renewable power. Approximately 12% of India’s energy production is from renewable sources with an aggressive plan to push this to 35% by 2050 – largely by realizing vast untapped solar and wind potential in the northern and western parts of the country.

The growth and development of renewable energy resources and associated clean technologies remains a priority for all levels of government in Canada. The federal government has set a goal of generating over 90% of Canada’s electricity from zero-emitting sources by 2020. Over 130 foreign companies have already established greenfield projects in Canada’s renewable energy sector.

Canada’s many competitive advantages for the development of renewable energy are outlined below.

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Michael Barrett is a partner and co-head of the Power and Energy Group at Bennett Jones LLP, a law firm with offices in Calgary, Toronto, Edmonton, Ottawa, Vancouver, Washington DC, Dubai and Doha, and a representative office in Beijing.

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