PROFIT PERFORMANCE STABILITY PROFIT PERFORMANCE INNOVATION DIVERSITY DIVERSITYINV STABILIEST TIYN PROFIT PERFORMANCE INNOVATION PROFIT DIVERSITY STABILITY STABILITY DIVECANADA’SRSI COMPETITIVETY INN ADVANTAGESOVATION PROFIT DIVERSITY STABILITY PROFIT PERFORMANCE INNOVATION RENEWABLEPROFIT DIVE ENERGYRSITY STABILITY PERFORMANCE— WINDINNO ANDVATION SOLAR DIVERSITY PROFIT PERFORMANCE STABILITY PROFIT PERFORMANCE STABITLITY PROFIT DIVERSITY STABILITY DIVERSITY INNOVATION PROFIT PERFORMANCE STABITLITY PROFIT DIVERSITY CANADA’S WITH THE WORLD’S FIFTH- LARGEST CAPACITY for at 89 GW1 RENEWABLE and renewable sources generating 64 percent of its ENERGY SECTOR total electricity,2 Canada offers foreign investors numerous opportunities across the Every year, renewables account for a SOLAR entire value chain, from greater share of Canada’s electricity- PHOTOVOLTAICS (PV) generation capacity. is technology development and the largest single source, accounting Canada has the resources and insolation fuel supply to generation, for approximately 58 percent of total necessary to build and successfully operate electricity generation in 2014; Canada is solar farms on par with global PV leaders.6 storage and distribution. the world’s second-largest hydroelectric Solar PV capacity has grown substantially power producer.3 Other renewable sources, in Canada, reaching 2,715 MW of cumulative such as , wind, marine and installed capacity in 2016.4 It is forecasted solar, help increase Canada’s capacity for that the Canadian market will continue its renewable energy, which is now sufficient steady growth and that annual capacity will to power more than 35 million homes. increase three-fold by 2025. In 2015, there were 250 organizations and companies servicing solar industries in Canada. By 2019, WIND cumulative investment in solar PV is expected to exceed $11 billion.7 As an emerging Canada has seen tremendous growth in technology, solar PV is R&D intensive; Canada its installed wind-energy capacity, moving has the world-class research institutes and from 351 MW of installed capacity in 2003 testing facilities needed to grow the industry. to 11,890 MW at the end of 2016,4 making it the world’s eighth-largest producer in cumulative terms.5 Canada’s new wind-energy projects in 2015 represent over $3 billion in investment. The Global Wind Energy Council estimates that supplies 1 International Energy Agency, Renewables approximately five percent of Canada’s 2015 Global Status Report. electricity demand. Canadian wind installed 2 Statistics Canada, Installed generating capacity has demonstrated a five-year capacity, by class of electricity producer. annual average growth rate of 18 percent.5 3 International Energy Agency Key Some of the largest global wind-energy World Energy Statistics 2016. companies are present in Canada, as are 4 BP, Statistical Review of World opportunities in component manufacturing, Energy 2017, June 2017. construction, transportation, engineering, and operations and maintenance (O&M). Wind- 5 Global Wind Energy Council, Global Wind energy clusters continue to develop across Report 2016: Annual Market Update. Canada to serve this rapidly expanding market 6 Canadian Solar Industries Association. with a growing supply chain of companies manufacturing nacelles, towers, foundations, 7 ClearSky Advisors Inc., Economic blades and mechanisms for wind turbines. Impacts of the Solar PV Sector in 2008-2018. WIND AND SOLAR CANADA’S WIND AND INDUSTRY ENERGY CLUSTERS covers the supply chain from GREENLAND raw materials to component

ALASKA manufacturers and system (USA) integrators to developers, YUKON retailers and distributors. NORTHWEST NUNAVUT TERRITORIES NEWFOUNDLAND & LABRADOR

BRITISH COLUMBIA ALBERTA MANITOBA QUEBEC Edmonton SASKATCHEWAN Saskatoon Vancouver PRINCE EDWARD ONTARIO ISLAND Calgary Québec City NOVA SCOTIA Winnipeg Ottawa Halifax

UNITED STATES OF AMERICA Montréal NEW BRUNSWICK Waterloo Toronto London Niagara

BRITISH COLUMBIA: ACCIONA, AltaGas, Alterra Power, Capital ONTARIO: ALGATEC Solar, Canadian Solar, Celestica, CS Wind, Power, Carmanah, Conergy, EffiSolar, Innergex Renewable Energy Eclipsall Energy, EDF EN Canada, ENERCON, ENGIE, Fronius, GE Wind Energy, Heliene, Morgan Solar, NextEra Energy Canada, PRAIRIES: Algonquin Power & Utilities Corp., CORE Renewable Northland Power, Pattern Energy , Samsung Electronics, Energy, Enbridge, GP JOULE, HES PV, Mitsubishi Hitachi Schletter, Schneider Electric, Silfab, Silicor Materials, Unirac Power Systems Canada, Partner Technologies, Pattern Energy, SkyFire Energy, Sequoia Energy, Suncor, TransAlta NEW BRUNSWICK: ACCIONA, TransAlta, ENGIE, Wind Dynamics

QUEBEC: 5N Plus, BORALEX, Brookfield Renewable, NOVA SCOTIA: Cape Breton Explorations Ltd., Composites VCI, Daewoo Shipbuilding and Marine Engineering, Capstone Infrastructure, Scotian WindFields EDF EN Canada, Elecnor, ENERCON, LM Wind Power, MARMEN, PRINCE EDWARD ISLAND: Bullfrog Power, ENGIE Matrix Energy, Opsun, RES Group, Senvion, Sunforce NEWFOUNDLAND AND LABRADOR: Enel Green Power RECENT INVESTMENTS

In 2017, EDF EN Canada, a subsidiary of In 2015, Italian-based Silfab Solar In 2017, Danish-based blade manufacturer French-based EDF Energies Nouvelles announced it was increasing capacity LM Wind Power (a GE Renewable Group, will be completing its Rivière-du- its Mississauga, Ontario, solar PV Energy business), expanded its plant in Moulin, Quebec, wind project. This project module manufacturing facility. The plant Quebec to serve wind projects in the is the company’s largest such facility expansion will bring annual production US market. The US$12 million expansion globally, and by the end of 2017, EDF to more than 300 MW, compared to is expected to create 265 jobs by 2018. EN Canada will have 1,599 MW of wind 90 MW initially, and will create 30 jobs. and solar projects throughout Canada.

In 2017, German-based solar installation company Soventix started In 2017, California-based Pattern Energy completed its 184.6 MW construction of a solar project in Vilna, Alberta, as part of a 140 MW Meikle Wind power project in British Columbia, the largest solar power portfolio in the province. The company plans to further wind facility in the province. The new installation will increase develop its business activities in the Canadian solar market. British Columbia’s installed wind capacity by 38 percent. CANADA’S ADVANTAGES

NATURAL RESOURCES

Canada’s long coastlines and huge land mass give it some of the best wind resources on the planet. Despite the widespread perception that Canada is a cold northern country, it is home to a strong solar resource. In fact, insolation across much of Canada compares favourably with that of other countries with strong solar PV-generation capacity.

LARGE DOMESTIC AND REGIONAL MARKET SUPPORTIVE As the sixth-largest consumer of electricity GOVERNMENTS in the world, Canada offers a sizable market for renewable energy investors. At the same Federal and provincial governments in time, Canada’s energy markets are highly Canada are committed to increasing the integrated with those of the United States, use of renewable energy. The federal the largest electricity consumer worldwide, government has developed programs and to which manufacturers based in Canada have policies, with strong focus on tax incentives, secure access. Under various international environmental regulations and funding agreements, Canada enjoys protection against programs. Provinces are implementing a local-content requirements (e.g. the American variety of policies, initiatives and measures, Recovery and Reinvestment Act), enabling such as: renewable-energy targets; Canadian suppliers to bid, or to serve as legislated renewable-portfolio standards; subcontractors on a range of procurement and requests for proposals, standard-offer opportunities posted by public utilities in the U.S. contracts and feed-in tariff programs.

RESEARCH & TESTIMONIAL: “Since the decision was made, Silfab DEVELOPMENT has taken advantage of consulting “Silfab S.p.A. chose Canada and CAPABILITIES services from various federal entities Ontario to establish its first North like the Canadian Embassy in Canada is also a world leader in American plant for multiple reasons, collaborative R&D in the renewable-energy Rome, Export Development Canada, the most important being the sector. Partnerships between industry, Sustainable Development Technology governments, universities and research availability of skilled workforce, Canada and Global Affairs Canada, institutes such as CanmetENERGY, the proximity to the U.S. market and received significant support from along with testing facilities such as and the existence of an innovative WEICan and TechnoCentre éolien, the province of Ontario, and has and progressive Green Energy create an excellent environment for been able to expand its operations R&D and innovation in this sector. Act in the Province of Ontario. fivefold, becoming one of the largest solar PV manufacturers in, and a supplier to, all of the Americas.” — Paolo Maccario Chief Operating Officer and General Manager Silfab Ontario INNOVATION SUPPORT PROGRAMS

» The TechnoCentre éolien, in Gaspé, Quebec, is a centre of expertise that supports the development of the wind industry through research, technology transfer and technical assistance Sustainable Development Technology for businesses. Its primary areas Canada (SDTC) finances and of activity relate to wind energy in supports innovative clean technology cold climates and complex terrain, » State-of-the-art testing facilities are projects through development and and adaptation of technologies. available at the Open Solar Outdoors pre-commercial demonstration. Test Field in Kingston, Ontario, under » The WindEEE (Wind Engineering, an initiative led by Queen’s University, Scientific Research and Experimental Energy and Environment) Institute and at Concordia University’s unique Development (SR&ED) provides income- at Western University in London, Solar Simulator-Environmental tax credits and refunds for expenditures Ontario, is home to the world’s first Chamber. The Chamber, in Montréal, on eligible R&D activity in Canada. three-dimensional wind-testing Quebec, supports research into chamber. Its facility, known as the solar-energy applications and Export Development Canada (EDC) WindEEE Dome, enables scientists advanced structural envelopes and Business Development Bank of to address important scientific, for net-zero energy buildings. Canada (BDC) provide flexible financing economic and societal challenges programs and solutions tailored to support related to wind, while evaluating » CanmetENERGY specializes in PV and foreign direct investment in Canada. energy potential and damage risks. solar-thermal energy, and promotes grid integration of renewable power. Foreign investors can also count on » CanmetENERGY, within Natural It is also home to the Varennes a wide range of specialized wind Resources Canada, conducts research Research Centre (Varennes, Quebec), and solar organizations to further into energy losses due to the effects an outdoor performance testbed that support their R&D efforts. of cold temperatures, a major validates PV performance models and challenge in wind-turbine operation. solar-resource forecasts, and tests The research investigates quantifying PV module-rating methodologies. WIND losses at specific locations, improving forecasting and mitigating energy loss. » The Wind Energy Institute of Canada, » The Refined Manufacturing in North Cape, Prince Edward Island, Acceleration Process is a not-for-profit research and testing Network (ReMAP), headquartered institute, whose mission is to advance SOLAR in Toronto, Ontario, is developing an the development of wind energy » Canada operates one of the world’s ecosystem for commercialization across Canada through research largest indoor solar simulators at that links academics, companies and and demonstration, collaboration, the National Solar Test Facility in customers. The ReMAP network testing, certification, training and Mississauga, Ontario. The Facility is a aims to facilitate commercialization of public education. The Institute’s leading centre for testing and rating electronics innovations. Projects focus location by the Gulf of St. Lawrence solar technologies under controlled on materials, optics and photonics, is ideally situated for wind study. sunlight, temperature and wind. and solar photovoltaic components. AN ENABLING CANADA HAS A STRONG AND STABLE business climate that is open for business, BUSINESS investment, and trade. Canada benefits from a sound, efficient ENVIRONMENT financial system supported by low taxes and business costs and a government investing in WORLD-CLASS the innovative, clean, inclusive CLUSTERS OF INNOVATION, economy of tomorrow. WITH GOVERNMENT AS PARTNER Canada has strong geographic and sectoral A WELCOMING BUSINESS clusters, as well as R&D-intensive sectors ENVIRONMENT with the lowest business costs in the G7. Canada is the second best place Source: KPMG for business in the G20.

Source: Forbes FINANCIAL STABILITY Canada’s banking system, ranked 3rd by A HIGHLY EDUCATED AND the World Economic Forum (WEF), remains TALENTED WORKFORCE one of the soundest in the world following eight consecutive first place standings. Canada has the most educated talent pool in the OECD with more than half of its population Source: World Economic Forum aged 25-64 having a tertiary level education.

Source: OECD A GREAT PLACE TO INVEST, WORK AND LIVE LOW BUSINESS Canada ranked first among 60 countries for TAX RATES quality of life. Canada is ranked first in the G7 INVEST IN and G20 for overall prosperity of citizens. Canada is the most tax competitive country in the G7. Sources: U.S. News and the Legatum Prosperity Index Global Affairs Canada Source: KPMG 111 Sussex Drive, Ottawa, Ontario, K1N 1J1, CANADA

Catalogue number: FR5-38/18-2016E-PDF ISBN 978-0-660-05225-26

Spring 2017

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