The Canadian Wind Energy Association (CanWEA) released a study late last year that showed the economic case for wind energy is rising globally as it has become competitive with electricity generation from all other sources. The study offers a detailed illustration of Alberta’s wind energy supply chain and investment potential resulting from the Renewable Energy Program, estimated to amount to over $8 billion in installed projects by 2030 providing upwards of 5,000 MW of new electricity generation with 4,500 expected from wind energy.
At CanWEA’s Annual Conference and Exhibition this year, industry experts will be discussing how wind energy is expected to grow significantly by 2030. The supply chain, which includes more than 65 industries, is showing space for potential future opportunities for local and national business. Below are a few key opportunity areas for supply chain companies looking to join Alberta’s wind energy boom. You can also review the full study here.
New Business Opportunities for Albertan Companies
The burgeoning wind energy market has new and emerging business opportunities for established Albertan enterprises. The study highlights supply chain segments across several sectors where Alberta is considered to have both the capacity and numerous opportunities, including:
With skills transferable from the oil and gas sector, there is consistently high demand for site monitoring, surveying, environmental permitting and land negotiating.
Site Preparation & Specialty Construction
Alberta is a home to a knowledgeable and experience of construction professionals and engineers who are in constant demand for front-end development.
Construction Materials, Metals
As with similar sectors, these are constantly needed and, wherever possible, will be procured locally.
Electrical & Control Systems
While there are currently few opportunities for work related to the turbines themselves, there is a consistent need for support related to installation and connection to substations and the grid.
Transportation & Logistics
The wind energy sector makes strong use of Alberta’s local logistics services, especially related to the movement and handling of heavy equipment and machinery.
Significant Room for New Investment and Market Entry
Alberta is now fertile ground for new business investment, with advantages for companies in several industries to enter the Alberta market. The study highlights several supply chain segments with many opportunities, but currently have low capacity, leaving room for new players to join the sector, including:
Electric Power Generation & Transmission
While there are many companies in the province operating wind energy projects, there is demand for expertise for consolidating remote operations digitally, as well as “smart grid” and energy storage technologies.
While some supply chain capacity exists due to other sectors, there is critical demand for additional capacity for the manufacture of wind turbine components. This is due to the demand for more turbines within the province.
Repair and Maintenance Materials & Services
There is currently a low capacity in Alberta to repair and maintain turbine equipment and components, as well as the supply of materials like lubricants and resins needed for this work. In addition, there is a growing demand for other maintenance functions, such warehousing and service support centres.
For more information in Alberta’s supply chain, including supply chain assessment, economic impact assessment, workforce assessment and key considerations, download the full Alberta Wind Energy Supply Chain Study authored by The Delphi Group.
If your company is interested in benefiting from the success of Alberta’s wind energy sector, CanWEA’s Annual Conference and Exhibition is the best place for you to meet developers and suppliers from the entire wind energy supply chain. The event is October 23-25, and this year will be held in Calgary, the heart of Alberta’s growing wind energy market. This is a unique opportunity to connect with Canada’s wind energy industry experts and professionals seeking supply chain partners. Learn more and determine the best way to participate as an attendee, exhibitor and/or sponsor.