This report quantifies the economic benefits and job creation potential of developing Ontario’s offshore wind industry.
Employment and Economic Impacts of Ontario’s Future Offshore Wind Power Industry
Employment and Economic Impacts of Ontario’s Future Offshore Wind Power Industry
Provincial Economic Analysis
Sustainable Economy
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- Ontario’s push toward green, renewable energy has led to strong interest in developing offshore wind power.
- Between now and 2026, a total of 2,000 megawatts of generation could come from offshore wind—and this is a conservative estimate compared with the potential generating capacity available from the Great Lakes.
- Development and operations of offshore wind in Ontario would create between 55,000 and 62,000 person-years of employment and lift real gross domestic product by a cumulative total of up to $5.6 billion over 2013 to 2026.
- A more rapid pace of development is possible as experience with offshore wind in Ontario grows and the ability to integrate renewable energy into the power grid is improved.
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