Technology

Solar Energy Market in Canada to Grow by USD 2.25 Billion from 2025-2029, Government Support for Solar Technology Boosting Growth, AI’s Impact on Transformation – Technavio

Published

1 year ago

February 5, 2025

NEW YORK, Feb. 5, 2025 /PRNewswire/ — Report with market evolution powered by AI – The solar energy market in canada size is estimated to grow by USD 2.25 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 23.9% during the forecast period. Increasing government support for solar power technology is driving market growth, with a trend towards growing adoption of pay-as-you-go (payg) model. However, competition from alternative energy sources poses a challenge. Key market players include Azgard Solar Inc., Bird Construction Inc., BluEarth Renewables, Canadian Solar Inc., DP Energy, Gorkon Industries, Great Canadian Solar Ltd., Greengate Power Corp., HELIENE Inc., miEnergy Inc., PureSky Community Solar Inc., Quadra Power Inc., and VCT Group Inc..

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Solar Energy Market In Canada Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2022

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 23.9%

Market growth 2025-2029

USD 2250.5 million

Market structure

Concentrated

YoY growth 2022-2023 (%)

20.1

Regional analysis

Canada

Performing market contribution

North America at 100%

Key countries

Canada

Key companies profiled

Azgard Solar Inc., Bird Construction Inc., BluEarth Renewables, Canadian Solar Inc., DP Energy, Gorkon Industries, Great Canadian Solar Ltd., Greengate Power Corp., HELIENE Inc., miEnergy Inc., PureSky Community Solar Inc., Quadra Power Inc., and VCT Group Inc.

Market Driver

Solar energy is a rapidly growing sector in Canada’s energy market, with renewables, including hydro, wind power, and solar, accounting for over 80% of new electricity capacity additions in 2020. The solar industry is gaining momentum as the world moves towards net-zero emissions and the Paris Agreement. Solar energy harnesses the power of the sun through photovoltaic cells, converting radiation into electricity. The market is witnessing a shift from traditional fossil fuels like coal to cleaner, low-cost energy generation. BP’s latest report predicts solar energy will overtake hydro as the largest renewable energy source by 2025. Solar energy is not just about electricity but also heating, making it a versatile solution for both rural and urban communities. The Canadian solar market faces challenges such as access to electricity in remote areas, where diesel generators are commonly used. However, solar energy offers self-sufficiency and reduces environmental pollution and carbon footprint. The solar industry requires technical expertise, trained personnel for installation, maintenance, and operation. Government subsidies and grid connections are crucial for the growth of this sector. Solar technology continues to evolve, with advancements in monocrystalline, polycrystalline, cadmium telluride, and amorphous silicon cells. Energy storage devices and power conversion technologies improve efficiency and ensure a consistent power supply. The solar industry’s future lies in its ability to adapt to the evolving energy landscape, including the growing demand for EV charging infrastructure.

Over the past decade, the demand for improving energy access has been a significant focus across Canada. The decreasing costs of decentralized renewable technologies, such as solar photovoltaic (PV) and energy storage, have made off-grid technologies more affordable. However, the high upfront costs of building and financing renewable-based mini-grids have been a barrier for households. To address this issue, a new business model called Pay-As-You-Go (PAYG) has emerged. Under this model, customers make a small initial payment and follow up with predetermined installments, typically made via mobile phones. If a customer fails to make a payment or is overdue, the system is designed to be disabled. This innovative financing solution has the potential to accelerate the adoption of solar systems in Canada, particularly for off-grid and under-served communities.

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Market Challenges

• The Solar Energy Market in Canada faces challenges from fossil fuels, hydro, and wind power generation as traditional energy sources. The shift towards Net-Zero Emissions and the Paris Agreement pushes for more Renewable Energy Sources. Solar energy, derived from the Sun, is a promising solution for electricity and heat generation. However, radiation levels and climate change pose challenges. Solar energy’s efficiency can be improved through Photovoltaic cells, including monocrystalline, polycrystalline, cadmium telluride, and amorphous silicon cells. BP reports that solar energy will be the cheapest energy source by 2025. Challenges include installation, storage, and power conversion devices. Coal, hydro, and diesel generators contribute to greenhouse gas emissions, environmental pollution, and population growth’s carbon footprint. Government subsidies and access to electricity are crucial for rural communities. Grid connections, technical expertise, trained personnel, maintenance, and operation require investment. Self-sufficiency through solar energy technology is a goal, but EV charging infrastructure and end-use efficiency must also be considered.

• The solar energy market in Canada has seen significant growth, yet fossil fuels continue to dominate the country’s energy production and consumption. According to the International Energy Agency (IEA), over 80% of Canada’s energy comes from conventional sources like oil, coal, and natural gas. Establishing renewable energy farms for solar power generation involves substantial costs, and the power output from these sources is not yet equivalent to that of fossil fuels.

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Segment Overview

This solar energy market in Canada report extensively covers market segmentation by

ApplicationGrid-connectedOff-gridEnd-userUtilityRooftopTechnologyPhotovoltaic SystemsConcentrated Solar Power SystemsGeographyNorth America

1.1 Grid-connected- The grid-connected segment of Canada’s solar energy market is projected to dominate the industry in 2024, driven by the increasing adoption of renewable energy sources, electric mobility, and digitalization of the grid. Grid-connected solar PV systems directly supply solar energy to buildings without energy storage systems, with surplus energy fed back to the grid and shortfalls imported. Cost reductions in solar PV systems make them a cost-effective electricity solution. The Canadian government’s energy policies support solar PV installation in residential homes and businesses, with plans to add 2 GW of renewable energy, including solar, to the grid by 2030. These factors will significantly fuel the growth of the grid-connected segment of the solar energy market in Canada.

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Research Analysis

Solar energy is a renewable and clean source of electricity that harnesses the power of the sun through photovoltaic cells. It is becoming an increasingly popular alternative to traditional fossil fuel-based energy sources due to its environmental benefits and potential for low-cost energy generation. Solar energy is a key component of the transition to renewable energy sources and net-zero emissions, as outlined in the Paris Agreement and the global effort to combat climate change. The solar energy market in Canada is growing, with advancements in technology leading to more efficient solar panels and the integration of energy storage devices and power conversion devices. However, the transition to solar energy also presents challenges, such as the need for technical expertise and trained personnel for installation, maintenance, and operation. Access to electricity, particularly in rural communities, is a significant issue in Canada. Solar energy offers a solution, with the potential to provide power to remote areas through the use of solar panels and battery storage. However, the initial cost of installation and grid connections can be a barrier. Government subsidies and incentives can help make solar energy more accessible and affordable for Canadians. The use of solar energy also reduces greenhouse gas emissions and decreases environmental pollution, making it an attractive option for those looking to reduce their carbon footprint. Despite these benefits, solar energy still faces competition from traditional energy sources such as coal and diesel generators. However, as the technology continues to advance and the cost of solar energy continues to decrease, it is poised to become a major player in Canada’s energy market.

Market Research Overview

Solar energy is a renewable energy source that harnesses the power of the sun using photovoltaic cells to generate electricity and provide heat. Canada, with its abundant sunlight and commitment to net-zero emissions, is an ideal market for solar energy. Solar energy production does not emit greenhouse gases, making it an environmentally friendly alternative to fossil fuels, hydro, and other traditional energy sources. The solar industry in Canada is growing, driven by the need to reduce carbon footprint, access to electricity in rural communities, and the increasing popularity of electric vehicles (EVs). Solar energy can be generated using various technologies such as monocrystalline, polycrystalline, cadmium telluride, and amorphous silicon cells. The installation, operation, and maintenance of solar energy systems require technical expertise, trained personnel, and access to grid connections. Energy storage devices and power conversion devices are essential for maximizing the efficiency of solar energy systems. The Canadian government offers subsidies to encourage the adoption of renewable energy sources and reduce reliance on coal and diesel generators. The solar industry also offers opportunities for self-sufficiency and reducing environmental pollution. The Paris Agreement and the global focus on climate change further highlight the importance of solar energy in the transition to a low-carbon economy.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationGrid-connectedOff-gridEnd-userUtilityRooftopTechnologyPhotovoltaic SystemsConcentrated Solar Power SystemsGeographyNorth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Technology

Foresite Named 2026 Google Cloud Security Partner of the Year for North America

Published

22 minutes ago

April 21, 2026

Recognition highlights leadership in practitioner-governed, AI-enhanced security operations

OVERLAND PARK, Kan., Apr. 21, 2026 /PRNewswire/ — Foresite Cybersecurity today announced it has been named the 2026 Google Cloud Security Partner of the Year in the North America category, presented at Google Cloud Next ’26 in Las Vegas.

Foresite named 2026 Google Cloud Security Partner of the Year

Organizations looking to operationalize AI-driven security on Google Cloud can learn more at next.foresite.com.

Foresite delivers fully managed security operations on Google Security Operations (SecOps), enabling customers to detect and respond to threats in seconds, reduce investigation fatigue, and maintain continuous audit readiness without expanding internal teams.

Operating as the human control layer for AI-driven security, Foresite combines Google’s agentic investigation capabilities with practitioner-validated accountability. Every autonomous investigation is reviewed and authorized by a named analyst before response actions are executed, giving customers clear visibility into how decisions are made and risk is managed.

“The Google Cloud Partner Awards honor the strategic innovation and measurable value our partners bring to customers,” said Kevin Ichhpurani, President, Global Partner Ecosystem and Channels, Google Cloud. “We are proud to name Foresite a 2026 Google Cloud Partner Award winner, celebrating their role in driving customer success over the last year.”

As a Google Cloud Premier Partner with Security and MSSP specializations, Foresite delivers managed services through its Catalyst platform — extending Google SecOps with operational governance, automation, and continuous compliance capabilities. Over the past year, the company expanded its SecOps delivery practice while sustaining 96% customer retention, reflecting growing demand for managed, AI-enhanced security operations.

Across its managed services portfolio, Foresite delivers a 90% reduction in mean investigation time and sub-15-second automated threat response for its customers — enabling security teams to focus on strategic risk decisions rather than alert triage.

Foresite’s approach to managed security operations on Google Cloud was the subject of an independent Technical Validation by Enterprise Strategy Group (now part of Omdia), commissioned by Google in August 2025. The report examined how Foresite’s Catalyst platform extends Google Security Operations to deliver threat detection, investigation, and response for organizations at varying levels of security maturity.

“Our Technical Validation of Foresite’s Catalyst platform examined how practitioner-led governance can extend Google Security Operations to deliver measurable detection and response outcomes. Google Cloud’s Partner of the Year recognition independently confirms what our analysis identified — that platform-native expertise, rather than tool access, is what differentiates managed security outcomes for mid-market and enterprise organizations.”— Tony Palmer, Practice Director, Omdia (formerly Enterprise Strategy Group).

“We’re entering an era where AI can investigate threats at machine speed,” said Jeremy Hehl, Chief Evangelist at Foresite. “Enterprise organizations need confidence that those decisions are governed and aligned to real business risk. This recognition from Google Cloud reinforces our focus in helping customers operationalize AI security at scale.”

Foresite is showcasing its Agentic SOC capabilities at Google Cloud Next ’26, demonstrating how security teams can move beyond alert monitoring to govern autonomous response using Google SecOps, Google Threat Intelligence, and AI security controls.

Foresite is purpose-built for organizations that need enterprise-grade security operations without enterprise-scale friction. The company delivers the operational rigor and platform expertise these organizations require to run Google SecOps effectively — without the overhead of building and staffing a full internal SOC.

About Foresite Cybersecurity
Foresite Cybersecurity is a Google Cloud Premier Partner providing managed security operations, compliance automation, and threat intelligence services. Through its Catalyst platform, Foresite helps organizations operationalize AI-driven security with practitioner-led governance and measurable risk reduction. Learn more at foresite.com.

Media Contacts
Claire Simpson Director of Global Brand & Strategic Marketing
Tim Suwandhaputra VP, Go-to-Market
press@foresite.com

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Technology

Tredence Awarded 2026 Google Cloud Global Industry Solutions Partner of the Year Award for Retail

Published

22 minutes ago

April 21, 2026

Trusted for driving the data & AI strategy for 8 of the top 10 retailers, powering $2 trillion in retail revenue

LAS VEGAS and BENGALURU, India, April 21, 2026 /PRNewswire/ — Tredence, a global AI and data science solutions company, today announced it has been named the 2026 Google Cloud Services & Industry Solutions Partner of the Year for Retail. This award reflects Tredence’s demonstrated ability to deliver measurable customer impact at scale. Notably, this is Tredence’s third such distinction, having previously been recognized in CPG and Gaming, a testament to Tredence’s unmatched depth, breadth, and impact across the industries it serves.

For the world’s leading retailers, Tredence has consistently delivered the full AI transformation journey — migrating, modernizing, and deploying scalable AI applications and agents on Google Cloud, powered by Vertex AI and Gemini Enterprise. In FY25, Tredence drove transformative impact across 25+ strategic retail accounts spanning four continents, delivering measurable business outcomes and accelerating Google Cloud adoption at unprecedented scale. Tredence’s impact has been defined by three core motions:

Modernization at scale, building agentic foundations – Tredence executed some of the world’s most complex retail cloud migrations, including the largest-ever cloud migration in retail history, migrating 12 petabytes of data for 40,000+ analytics users with 100% operational continuity, and a landmark platform overhaul delivered ahead of schedule, reducing total cost of ownership by 20–40% and building the unified data foundations that power agentic AI at scale.Accelerating agentic AI adoption – Tredence deployed 100+ AI/ML accelerators, including 10+ retail-specific multi-agent systems built on Vertex AI and Gemini Enterprise, eliminating up to 70% of manual effort, automating up to 98% of manual ticketing processes, and cutting temporary labor costs by 20%, compressing months of deployment into weeks across some of the most complex retail environments in the world.Delivering global impact at measurable scale – Tredence drove transformative outcomes across every retail format and across geographies unifying supply chain data across 20,000+ stores to automate retail media insights, deploying a full agentic platform in just 6 months for a major wholesale retailer, and delivering greenfield Google Cloud wins, proving that the Tredence and Google Cloud partnership delivers measurable impact across every retail segment and scale of ambition.

“The Google Cloud Partner Awards honor the strategic innovation and measurable value our partners bring to customers,” said Kevin Ichhpurani, President, Global Partner Ecosystem and Channels, Google Cloud. “We are proud to name Tredence a 2026 Google Cloud Partner Award winner, celebrating their role in driving customer success over the last year.”

“Winning Google Cloud’s Retail Partner of the Year reflects one thing: the outcomes we deliver for the world’s most admired retailers, consistently and at scale,” said Amanpal Dhupar, Vice President, Head of Retail at Tredence. “We are the trusted Data and AI partner for 8 of the top 10 global retailers and have built a team of world-class retail practitioners, a proprietary accelerator ecosystem powering over $2 trillion in global retail sales, and a last-mile operationalization capability.”

Tredence recently launched its Transformative Agentic Commerce Solution Accelerators at NRF 2026. Built on Google Cloud services, these accelerators can be customized for each retailer to address unique needs and deliver faster time-to-value.

Tredence will showcase these capabilities at Google Next, Booth #2911, at the Mandalay Bay Convention Center in Las Vegas.

About Tredence:

Tredence is a global AI and data science solutions provider focused on solving the last-mile problem in AI, the gap between insight creation and value realization. Tredence leverages deep domain expertise, data platforms and accelerators, and strategic partnerships to provide tailored, cutting-edge solutions to its clients. The company has 4,200+ employees across the San Francisco Bay Area, Chicago, Riyadh, London, Toronto, and Bengaluru, serving top brands in Retail, CPG, Hi-tech, Telecom, Healthcare, Travel, and Industrials.

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Technology

dbt Labs Wins a 2026 Google Cloud Partner of the Year Award

Published

22 minutes ago

April 21, 2026

PHILADELPHIA, April 21, 2026 /PRNewswire/ — dbt Labs, the leader in standards for AI-ready structured data, announced today that it has received the 2026 Google Cloud Partner of the Year award for Data and Analytics: Data Pipelines and Governance. dbt Labs works together with Google Cloud to provide the foundation for an organization’s transition to AI leadership and innovation. The combination of rich data warehousing capabilities and the democratization of complex data transformation removes technical barriers, enabling analysts and business leaders to accelerate their time-to-value.

dbt Labs is being recognized for its achievements in the Google Cloud ecosystem, helping joint customers manage data at scale on Google Cloud and turn it into trusted, actionable insights with speed and efficiency. Thousands of organizations run dbt on Google BigQuery globally, an integration designed to accelerate the delivery of trusted analytics and AI. By consolidating data transformation into a single, unified tool, joint customers quickly gain increased operational efficiency through advanced orchestration features. dbt Labs empowers customers to manage and trust results, ensuring high-quality data is ready to power analytics and AI initiatives both today and in the future.

“Every AI strategy needs to be underpinned by a standardized foundation and process to control, govern and document progress for high-quality, trusted results,” said Shawn Toldo, Vice President, Worldwide Partner Ecosystem at dbt Labs. “Together, dbt Labs and Google Cloud enable organizations to build that foundation for an AI-ready future. We are excited for the recognition and growing partnership with Google.”

“The Google Cloud Partner Awards honor the strategic innovation and measurable value our partners bring to customers,” said Kevin Ichhpurani, President, Global Partner Ecosystem and Channels, Google Cloud. “We are proud to name dbt Labs a 2026 Google Cloud Partner Award winner, celebrating their role in driving customer success over the last year.”

This recognition is the latest example of dbt Labs’ momentum since launching on Google Cloud Marketplace one year ago. The partnership’s trajectory is driven by extensive global adoption and usage across diverse industries and a rapidly expanding community of active practitioners. Additionally, dbt Labs’ partner team earned two Google Partner All Star awards, reinforcing the deep collaboration and commitment to driving mutual success.

By bringing Google AI capabilities into dbt workflows, joint customers gain the trustworthy, well-documented, governed foundation that reliable analytics and AI demand. To learn more about how dbt Labs and Google Cloud are enabling AI-ready data pipelines, watch the on-demand webinar “Building dbt Models Faster with Google AI” at https://www.getdbt.com/confirmation/building-dbt-models-faster-with-google-ai-recording.

About dbt Labs
Since 2016, dbt Labs has been on a mission to help data practitioners create and disseminate organizational knowledge. dbt is the standard for AI-ready structured data. Powered by the dbt Fusion engine, it unlocks the performance, context, and trust that organizations need to scale analytics in the era of AI. Globally, more than 80,000 data teams use dbt, including those at Siemens, Roche and Condé Nast.

Learn more at getdbt.com, and follow dbt Labs on LinkedIn, X, Instagram, and YouTube.

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