IMARC Group has recently released a new research study titled “Canada Wind Energy Market Size, Share, Trends and Forecast by Component, Rating, Installation, Turbine Type, Application, and Region, 2026-2034”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

Canada Wind Energy Market Overview

The Canada wind energy market size reached 19.5 Gigawatt in 2025, and it is expected to grow to 41.4 Gigawatt by 2034. The market is forecasted to expand at a CAGR of 8.74% during the 2026-2034 period. Growth is fueled by increased investment in onshore and offshore projects, technological advancements in turbines, and supportive government policies promoting clean energy adoption. Cross-border electricity trade also strengthens market reach and helps accelerate renewable energy integration across sectors.

Study Assumption Years

• Base Year: 2025
• Historical Year/Period: 2020-2025
• Forecast Year/Period: 2026-2034

Canada Wind Energy Market Key Takeaways

• Current Market Size: 19.5 Gigawatt in 2025
• CAGR: 8.74%
• Forecast Period: 2026-2034
• Advancements in turbine technology including larger rotor diameters and cold-weather adaptations enhance energy capture and reliability.
• Government policies such as Bill C-49 and Ontario's Feed-in Tariff support offshore and onshore wind development.
• Canada's vast and consistent wind resources provide economic feasibility for wind power expansion.
• Increasing corporate adoption of wind through power purchase agreements (PPAs) stabilizes market demand.
• Integration of cross-border electricity trade with the U.S. diversifies revenue streams and supports large-scale projects.

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Canada Wind Energy Market Growth Factors

Advancements in wind turbine technology including higher efficiency, larger rotor diameters, and taller tower heights have enabled wind power plants to operate effectively in lower wind speed regions, supporting evolving Canada wind energy market trends. Improvements in wind turbine blade design, materials, manufacturing and control have made them more reliable and less expensive to maintain which reduces the cost of wind power projects. Smart monitoring and predictive maintenance improve uptime and lifetime of wind farms, increase larger-scale onshore and offshore wind plants, reduce the LCOE, provide assurance to investors and the market, and contribute to market growth.

Government support and policy are key components of the market. Bill C-49, received Royal Assent in October 2024 and enables offshore wind facilities in Atlantic Canada up to 5 GW of generating capacity. Carbon pricing schemes are forcing industry to reduce emissions or pay carbon tax, stimulating demand for wind. Provincial government schemes such as Ontario's Feed-in Tariff (FIT) have given long-term power purchase agreements with fixed tariffs. These policies are aligned with national emission reduction targets, and are credited with substantial investments in wind energy.

Canada's abundant wind resource is a source of growth potential. In 2022, Canada's wind energy capacity generated 36 terawatt-hours (TWh) or 5.7% of Canadian electricity consumption, powering three million homes. While land availability constraints are less serious in many rural and remote locations, large areas of unused and underused land allow for unconstrained multi-project and optimal turbine siting to increase energy capture and minimize negative environmental and social impacts. When combined with existing electricity infrastructure, this makes large-scale wind development economically feasible in many countries.

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Canada Wind Energy Market Segmentation

Analysis by Component:

• Turbine: Directly influences power output and efficiency; growing investments in advanced technology optimize energy capture even at low wind speeds.
• Support Structure: Durable foundations and corrosion-resistant designs support diverse terrains and offshore environments, ensuring long-term stability.
• Electrical Infrastructure: Modern substations, transformers, and smart grids enable efficient power transmission and integration into the national grid.
• Others

Analysis by Rating:

•  ≤ 2 MW
•  >2 ≤ 5 MW
•  >5 ≤ 8 MW
• >8 ≤ 10 MW
• >10 ≤ 12 MW
• >12 MW

Analysis by Installation:

• Offshore: Emerging driver with strong Atlantic wind resources; supported by government exploration and international collaboration.
• Onshore: Backbone of the market with abundant land, lower costs, and faster deployment, dominates installed capacity.

Analysis by Turbine Type:

• Horizontal Axis: Widely preferred for efficiency and large-scale projects; supported by continuous technological advancements.
• Vertical Axis: Compact, suitable for urban, small-scale, and distributed energy systems, growing in niche applications.

Analysis by Application:

• Utility: Extensively supported by government and utility investments for large-scale grid power generation.
• Industrial: Increasing adoption by sectors aiming to reduce costs and carbon footprints through captive projects or PPAs.
• Commercial: Growing use in businesses prioritizing sustainability, supported by incentives and certifications.
• Residential

Regional Insights

Ontario is the dominant region in Canada’s wind energy market, attributed to its strong policy framework, renewable energy incentives, and large wind potential in areas like southwestern Ontario. Continuous investments in transmission infrastructure enable seamless grid integration, attracting domestic and international developers. Technological advancements and partnerships with private investors bolster project execution and financing, making Ontario a key contributor to the country’s wind energy growth.

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Recent Developments & News

In August 2025, Canada designated four offshore wind areas off Nova Scotia to support a 5 GW licensing goal by 2030, aiming to establish Nova Scotia as a clean energy leader. London-based Atlantica Sustainable Infrastructure acquired Statkraft's Canadian renewable platform, adding 236 MW operational capacity and a 0.8 GW pipeline. In June 2025, Vestas secured a 124 MW turbine order for Quebec's Haute-Chaudiere project, including a 10-year service agreement. The Canada Infrastructure Bank invested CAD 108.3 million in the 102.2 MW MU2 wind farm in Quebec, expected to start operations in late 2026. In January 2025, Nordex Group secured 247 MW in Nova Scotia orders, expanding North American sales by 350% in 2024.

Key Players

• Atlantica Sustainable Infrastructure
• Statkraft
• Vestas
• EDF Power Solutions
• Marmen
• Canada Infrastructure Bank
• Innergex
• Nordex Group

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