Ontario Solar PV Sector 2008 to 2018
Electricity supply in Ontario will undergo significant changes over the next 20 years. These changes will be driven by the need to replace and/or refurbish existing electricity generating facilities as well as by rising electricity demand.
- By 2030, almost 70% of required electricity generation will need to come from new or refurbished electricity generating facilities.
- Despite conservation efforts, demand for electricity is expected to increase by 15% from 2010 ‐ 2030.
To prepare for these changes, the province has developed a Long‐Term Energy Plan (LTEP) for the period of 2010 ‐ 2030. By 2030, the LTEP calls for the vast majority of electricity generation in Ontario to come from nuclear power (46%), hydro‐electricity (20%), wind (10%), and natural gas (7%), and for conservation measures to reduce demand by 14%. The solar photovoltaic (PV) industry is set to add to that mix an expected 1.5% of total generation by 2030.
"Economic Impacts of the Solar PV Sector in Ontario 2008 - 2018", prepared by ClearSky Advisors, examines a number of the economic outcomes that would arise from that level of market activity.
Download the full report for an analysis of: (1) private sector investment, (2) job creation, and (3) cost to Ontario electricity customers.