Solar Vision 2025
Solar Vision 2025, developed in partnership with Ernst & Young, is CanSIA's roadmap document for the future of the Canadian Solar Energy Industry.
It shows the solar industry is set to grow and reach market competitiveness because it is delivering on its commitment to reduce costs and because solar power is peak power that offsets some of the grid’s most expensive energy during high demand periods. Incentives invested today will pave the path to endowing a clean energy tomorrow.
“By 2025, solar energy expects to be widely deployed throughout Canada, having already achieved market competitiveness and no longer needing government incentives,” said David Eisenbud, former Chair of the CanSIA Board of Directors. “By 2025 solar will be supporting more than 35,000 jobs and displacing 15 to 31 million tonnes of greenhouse gas emissions per year, while providing a safer, cleaner environment for generations to come.”
“Governments throughout Canada need to continue working co-operatively towards common strategic goals for the country. Government support will mean the difference between Canadian companies being the purveyors of new renewable energy technology or the residents of Canada simply becoming the buyers of someone else’s research and development efforts,” said Elizabeth McDonald, former President, CanSIA.
It is time to make solar mainstream and stay focused on making it market competitive faster,” said Eisenbud. “With the strong support and commitment of all levels of government and stakeholders, the solar industry can build on its success to date and ultimately become market competitive, which will help create a brighter energy picture for Canada.
- Capital and project development costs are falling
- PV project costs are forecast to drop by more than 50% by 2025- from the current range of $300 - $410 per megawatt–hour (MWh) to a range of $146 - $200 per MWh.
- Already, the cost of solar PV and solar thermal is market competitive at peak demand times.
- Despite a weak global economy, markets have grown rapidly in response to higher demand.
- The PV sector installed 62 megawatts-peak (MWp) in new annual capacity in 2009, up almost ninefold over 2008.
- From 2000 to 2009, solar thermal expanded at a compound annual growth rate of 20%, to about 260 megawatts thermal (MWth) from 20 MWth.
- The industry is creating new, high technology jobs.
- Approx. 3,000 jobs have been created to date, by 2025 the industry expects to support more than 35,000 jobs.
Download the pdf: Solar Vision 2025
En francais: Vision du Solaire 2025