
Study Period | 2020 - 2030 |
Base Year For Estimation | 2024 |
Forecast Data Period | 2025 - 2030 |
Market Volume (2025) | 19.77 gigawatt |
Market Volume (2030) | 30.19 gigawatt |
CAGR | 8.83 % |
Market Concentration | Medium |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
Canada Wind Energy Market Analysis
The Canada Wind Energy Market size is estimated at 19.77 gigawatt in 2025, and is expected to reach 30.19 gigawatt by 2030, at a CAGR of 8.83% during the forecast period (2025-2030).
Canada's wind energy sector has emerged as a cornerstone of the country's renewable energy transition, currently accounting for 3.5% of total electricity generation and establishing itself as the second-most important renewable energy source in the country. The industry has demonstrated remarkable regional growth patterns, with Western Canada leading the expansion by accounting for 98% of the country's total wind energy growth in 2022. This geographic concentration of development highlights the optimal wind conditions and supportive regulatory frameworks in western provinces, particularly Alberta and Saskatchewan. The sector's maturity is evidenced by the presence of 317 operational wind energy projects nationwide, showcasing the widespread adoption of wind power technology across different provinces.
The market is witnessing a significant shift toward offshore wind development, marking a new frontier in Canada's renewable energy landscape. Nova Scotia has taken a pioneering role by announcing plans to auction 5 GW of offshore wind energy by 2030, setting a precedent for other coastal provinces. This strategic move was further reinforced in August 2023 when Nova East Wind Inc., a joint venture between DP Energy and SBM Offshore, initiated the development of Canada's first offshore wind farm with a generation capacity of 400 MW, representing a milestone in the country's energy infrastructure development.
Corporate participation in wind energy development has intensified, as exemplified by Amazon's November 2023 announcement of a 495 MW wind farm project in Alberta's Vulcan County, near the southern village of Lomond. This investment by major corporations demonstrates the growing confidence in wind energy's economic viability and its role in meeting corporate sustainability goals. Additionally, Ontario's electricity system operator announced in December 2023 its plans to bring 2,000 MW of non-emitting electricity generation online, creating new opportunities for wind energy integration into the provincial grid.
The industry is experiencing significant technological advancements and cost reductions, making wind energy increasingly competitive with traditional power sources. Wind turbines have evolved with taller hub heights, broader diameters, and larger blades, maximizing electricity production per megawatt of installed capacity. The sector has also witnessed improvements in grid integration capabilities and storage solutions, enabling better management of wind energy's intermittent nature. These technological improvements, coupled with decreasing installation costs, have positioned wind energy as one of the most cost-effective sources of new electricity generation in Canada, attracting both domestic and international investment in the sector.
Canada Wind Energy Market Trends
Upcoming Projects and Investments in Wind Energy Likely to Drive the Market
The Canadian wind energy sector is witnessing substantial growth driven by significant upcoming projects and investments across various provinces. As of 2022, Canada had 317 operational wind energy projects nationwide, with the largest being the Black Spring Ridge wind farm in Vulcan County, Alberta, featuring 166 wind turbines. The sector's expansion is further evidenced by the pipeline of approximately 39 onshore and offshore wind power projects planned for the next decade, representing a total project value of USD 16 billion. These developments are complemented by major corporate investments, as demonstrated by Amazon's November 2023 announcement of a 495 MW wind farm in Alberta, located in Vulcan County near the southern Alberta village of Lomond, developed in partnership with Copenhagen Infrastructure Partners (CIP).
The provincial governments are actively supporting wind energy development through ambitious targets and investment commitments. Alberta has emerged as a particularly attractive market for renewable energy investors, with projected investments of approximately USD 8.3 billion in wind energy projects by 2030. Similarly, Saskatchewan's commitment to increase its renewable energy capacity by 50% by 2030 is driving significant investment in the region. This momentum is further illustrated by recent projects such as the Lanfine Wind Project in Alberta, which entered its final construction phase in October 2022 with an investment of USD 253.12 million. Additionally, significant developments include Capstone Infrastructure Corporation's Wild Rose 2 Wind LP project, which secured a 78 MW Renewable Attributes Purchase Agreement with the City of Edmonton in June 2022, ensuring renewable attribute supply for over 20 years from their 192 MW Wild Rose 2 Wind Farm.
The investment landscape is further enriched by new policy initiatives and corporate commitments. In December 2023, Ontario's electricity system operator announced plans to bring 2,000 megawatts of non-emitting electricity generation online, including wind power, which would provide enough power for two cities the size of Ottawa. The procurement, planned for 2024, represents the first phase of a regular series aimed at adding 5,000 megawatts of electricity generation over the next four to six years. These developments are supported by the Canadian government's focus on expanding and liberalizing the electricity market by opening the industry to private and foreign investments, creating a conducive environment for continued growth in the wind power infrastructure sector.
Segment Analysis: By Location
Onshore Segment in Canada Wind Energy Market
The onshore wind segment dominates the Canadian wind energy market, accounting for approximately 100% of the total installed capacity in 2024. This segment's dominance is driven by several factors, including its cost-effectiveness, as wind energy has become the lowest-cost source of new electricity generation in Canada. The segment has witnessed significant growth across various provinces, with Alberta, Saskatchewan, Ontario, and Quebec emerging as major onshore wind energy markets. Western Canada has shown particularly strong growth, with Alberta adding substantial capacity through projects like the Lanfine Wind Project. The segment's robust performance is further supported by favorable government policies and initiatives, such as federal investments announced in 2023 amounting to USD 175 million for wind, solar, and smart-grid projects in Alberta province. Additionally, major corporations are actively investing in the sector, as evidenced by Amazon's announcement in 2023 of a 495 MW wind farm in Alberta's Vulcan County, developed in partnership with Copenhagen Infrastructure Partners.

Offshore Segment in Canada Wind Energy Market
The offshore wind segment in Canada represents an emerging opportunity with significant potential for future growth. While currently in its nascent stages, the segment is gaining momentum through strategic initiatives and government support. Nova Scotia has taken a pioneering role by becoming the first province to set ambitious offshore wind energy targets, announcing plans to present leases for around 5 GW of offshore wind energy by 2030. This commitment is particularly focused on supporting green hydrogen production. A significant development in this segment occurred in 2023 when Nova East Wind Inc., a joint venture between DP Energy and SBM Offshore, was established to develop Canada's first offshore wind farm. This proposed 400 MW floating offshore wind power project, with an investment of approximately USD 1.5 billion, will be located near Goldboro, Nova Scotia. The project represents a significant milestone in Canada's offshore wind energy development, potentially accounting for about 20% of Nova Scotia Power's current generating capacity.
Canada Wind Energy Market Geography Segment Analysis
Wind Energy Market in the United States
The United States continues to maintain its dominant position in the North American wind energy market, holding approximately 87% market share in 2024. The country's leadership is driven by comprehensive federal support through initiatives like the Inflation Reduction Act and ambitious offshore wind development goals. The nation benefits from extensive wind resources, particularly in the Central and Midwest regions, where wind speeds are highest and most consistent. The market is characterized by both robust onshore wind installations and growing offshore wind development, with several states actively participating in wind energy deployment. The country's wind energy sector is supported by a strong domestic manufacturing base for wind turbines and components, with major global players establishing production facilities. Advanced technological adoption, including larger turbine sizes and improved hub heights, has helped optimize power generation efficiency. The market also benefits from decreasing installation costs and innovative financing mechanisms, making wind power increasingly competitive with conventional power sources.
Wind Energy Market in Canada
Canada's wind energy market has demonstrated strong growth, achieving approximately a 6% annual growth rate from 2019 to 2024, establishing itself as the second-largest wind energy market in North America. The country leverages its vast geographical advantages and abundant wind resources, particularly in provinces like Alberta, Saskatchewan, Ontario, and Quebec. Wind energy has emerged as the lowest-cost source of new electricity generation in Canada, driving its increased adoption across provinces. The market is characterized by a strong focus on onshore wind development, with emerging interests in offshore potential, particularly in coastal provinces. The country's wind energy sector benefits from supportive federal and provincial policies aimed at reducing greenhouse gas emissions and promoting clean energy transition. The market structure encourages both utility-scale projects and community-based initiatives, creating a diverse and resilient wind energy ecosystem. Canadian wind projects are increasingly attracting international investors and developers, contributing to market expansion and technological advancement.
Wind Energy Market in the Rest of North America
The Rest of North America, primarily comprising Mexico, is projected to grow at approximately 6% annually from 2024 to 2029, representing an emerging opportunity in the regional wind energy landscape. Mexico's wind energy sector benefits from favorable geographical conditions, particularly in regions such as Zacatecas, San Luis Potosi, the Baja California peninsula, and the Isthmus of Tehuantepec in Oaxaca. The market is characterized by increasing interest from international developers and equipment manufacturers, who recognize the country's substantial untapped potential. The sector's development is supported by the country's commitment to renewable energy expansion and greenhouse gas reduction targets. Mexico's wind energy market is evolving with improvements in grid infrastructure and integration capabilities, making wind power more reliable and accessible. The country's diverse renewable energy resource base provides significant opportunities for both utility-scale and distributed wind energy projects. Market growth is further supported by technological advancements and decreasing installation costs, making wind energy increasingly competitive with conventional power sources.
Canada Wind Energy Market Industry Overview
Top Companies in Canada Wind Energy Market
The Canadian wind energy market features a mix of global leaders and domestic players driving innovation and growth. Companies are increasingly focusing on developing advanced wind turbine technologies with improved efficiency and reliability, particularly for cold weather conditions specific to Canada. Strategic partnerships and collaborations between turbine manufacturers and project developers have become commonplace to strengthen market positions and share technological expertise. Operational excellence is being pursued through digitalization initiatives, predictive maintenance solutions, and smart grid integration capabilities. Companies are also expanding their service offerings to include comprehensive project lifecycle management, from development and construction to long-term operations and maintenance. The market has seen significant investment in research and development, particularly in areas like offshore wind power technology and building-integrated wind turbines, demonstrating the industry's commitment to technological advancement.
Market Structure Shows Balanced Competitive Dynamic
The Canadian wind energy market exhibits a balanced competitive structure with both international conglomerates and specialized domestic players maintaining significant market presence. Global giants like Siemens Gamesa, Vestas, and General Electric leverage their extensive technological capabilities and worldwide experience, while domestic players such as TransAlta Corporation and Capital Power Corporation contribute with their deep understanding of local market dynamics and established relationships with stakeholders. The market has witnessed notable consolidation through strategic acquisitions and partnerships, particularly among project developers and operators seeking to expand their renewable energy portfolios. The industry structure is characterized by vertical integration attempts, with many players expanding across the value chain from manufacturing to project development and operations.
Recent market activities indicate a trend toward increased collaboration between established players and innovative technology providers, particularly in areas like energy storage integration and smart grid solutions. The competitive landscape is further shaped by the presence of utilities and independent power producers who are actively expanding their wind power portfolios through both organic growth and acquisitions. Market participants are increasingly focusing on developing comprehensive solutions that combine wind power with other renewable sources and storage technologies, reflecting a shift toward integrated energy solutions. The industry also sees active participation from financial investors and infrastructure funds, contributing to market dynamism and project financing capabilities.
Innovation and Integration Drive Future Success
Success in the Canadian wind energy market increasingly depends on companies' ability to deliver innovative, integrated solutions while maintaining cost competitiveness. Incumbent players are focusing on developing advanced wind turbine technologies specifically designed for Canadian weather conditions, while also investing in digital capabilities for improved asset management and operational efficiency. The ability to provide end-to-end solutions, from project development through long-term operations and maintenance, is becoming increasingly important for maintaining market share. Companies are also emphasizing the development of hybrid projects that combine wind with other renewable sources and storage solutions, recognizing the growing demand for reliable, dispatchable renewable power.
For new entrants and growing players, success factors include developing specialized expertise in areas such as offshore wind development or building-integrated wind technologies. The market presents opportunities for companies that can effectively address specific challenges such as grid integration, remote location development, and environmental impact mitigation. Regulatory support for renewable energy development, particularly in provinces with ambitious clean energy targets, continues to shape market opportunities. Companies that can effectively navigate the regulatory landscape while maintaining strong relationships with local communities and stakeholders are better positioned for success. The industry's future will be influenced by the ability to adapt to evolving grid requirements, integrate advanced technologies, and develop innovative financing solutions for project development.
Canada Wind Energy Market Leaders
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General Electric Company
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Siemens Gamesa Renewable Energy SA
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Acciona SA
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Capital Power Corporation
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Vestas Wind Systems A/S
- *Disclaimer: Major Players sorted in no particular order

Canada Wind Energy Market News
- June 2023: The Minister of Natural Resources of Canada announced USD 50 million in funding for the Bekevar Wind Power Project. The finance is delivered in partnership with the Cowessess First Nation and Innagreen Investments.
- February 2023: Nova Scotia's environment minister announced the approval of two proposed wind farms to build 28 turbines in West Hants and another 12 in Cumberland County. The Benjamins Mill Wind Project will contain up to 28 turbines located about 13 km southwest of Windsor, NS. The project aims to produce up to 150 MW of energy from turbines that are 200 meters tall from the ground to the tip of the blade.
Canada Wind Energy Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Scope of the Study
- 1.2 Market Definition
- 1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
- 4.1 Introduction
- 4.2 Canada Wind Energy Installed Capacity and Forecast in GW, till 2029
- 4.3 Recent Trends and Developments
- 4.4 Government Policies and Regulations
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4.5 Market Dynamics
- 4.5.1 Drivers
- 4.5.1.1 Increasing Upcoming Projects and Investments in Wind Energy
- 4.5.1.2 Declining Costs of Wind Technologies
- 4.5.2 Restraints
- 4.5.2.1 Increasing Adoption of Alternate Clean Energy Sources
- 4.6 Supply Chain Analysis
- 4.7 PESTLE Analysis
5. MARKET SEGMENTATION
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5.1 Location of Deployment
- 5.1.1 Onshore
- 5.1.2 Offshore
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Strategies Adopted by Leading Players
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6.3 Company Profiles
- 6.3.1 Siemens Gamesa Renewable Energy SA
- 6.3.2 General Electric Company
- 6.3.3 Vestas Wind Systems AS
- 6.3.4 Acciona SA
- 6.3.5 Capital Power Corporation
- 6.3.6 TransAlta Corporation
- 6.3.7 Alberta Wind Energy Corporation
- 6.3.8 BluEarth Renewables Inc.
- 6.3.9 Northland Power Inc.
- 6.3.10 Innergex Renewable Energy Inc.
- 6.3.11 EDP Renováveis
- *List Not Exhaustive
- 6.4 List of Other Prominent Players
- 6.5 Market Ranking Analysis
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Canada's Ambitious Targets and Reducing Greenhouse Gas Emissions
Canada Wind Energy Industry Segmentation
Wind energy is a form of renewable energy that is generated by harnessing the power of the wind. Wind turbines, which are large structures with long blades that rotate around a central hub, convert the wind's kinetic energy into electrical energy.
The Canadian wind energy market is segmented by location of deployment (onshore and offshore). For each segment, the market sizes and forecasts have been done based on installed capacity (GW).
Location of Deployment | Onshore |
Offshore |
Canada Wind Energy Market Research FAQs
How big is the Canada Wind Energy Market?
The Canada Wind Energy Market size is expected to reach 19.77 gigawatt in 2025 and grow at a CAGR of 8.83% to reach 30.19 gigawatt by 2030.
What is the current Canada Wind Energy Market size?
In 2025, the Canada Wind Energy Market size is expected to reach 19.77 gigawatt.
Who are the key players in Canada Wind Energy Market?
General Electric Company, Siemens Gamesa Renewable Energy SA, Acciona SA, Capital Power Corporation and Vestas Wind Systems A/S are the major companies operating in the Canada Wind Energy Market.
What years does this Canada Wind Energy Market cover, and what was the market size in 2024?
In 2024, the Canada Wind Energy Market size was estimated at 18.02 gigawatt. The report covers the Canada Wind Energy Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Canada Wind Energy Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Canada Wind Energy Market Research
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