Canada has built a global reputation as an energy superpower, based on abundant traditional energy resources, an export oriented industrial sector and first-class research facilities. While it’s easy to take these strengths for granted, a whole new set of factors is driving the global energy industry in different directions.
Rising demand for energy, together with the cost of replacing the country’s aging generation facilities, gives Canada the opportunity to push forward with renewable energy to help create a stronger, more diversified and modern energy system.
The sun’s ability to generate energy when it’s needed most (and when it is most expensive) – during the day – is what makes solar energy unique and attractive. Solar energy reduces reliance on expensive conventional sources of energy to meet peak demand, but also the need to maintain and carry costs of backup power like natural gas “peaking” plants. Additional cost savings are realized because solar energy is consumed where it is produced – individual buildings can generate heat or electricity from a rooftop or wall-mounted application.
Canadian solar resource is world-class. Much of Canada has superior solar resources to Germany, the global leader in solar technology, an indication of the phenomenal potential of the solar industry in Canada.
View Solar Energy Industries Association research
View 2015 International Renewable Energy Agency report
View March 10, 2015 Scientific American article
View July 26, 2014 The Globe and Sun article
View April 24, 2014 CleanTechnica article
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