Employment and Economic Impacts of Ontario’s Future Offshore Wind Power Industry
This report quantifies the economic benefits and job creation potential of developing Ontario’s offshore wind industry.
- 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.