Statement by Lorena Patterson, President and CEO of WaterPower Canada
November 4, 2025, Ottawa, ON – We welcome the federal government’s commitment to implementing the Clean Electricity Investment Tax Credits (ITCs) in Budget 2025 – a decisive step that will help Canada stay competitive and grow in the clean energy economy.
By making hydropower producers eligible for the Clean Electricity ITC, the government is recognizing our sector’s essential role as Canada’s renewable powerhouse, providing reliable, flexible energy that supports economic growth, stabilizes the grid, and attracts investment. This commitment reflects an important acknowledgment of hydropower’s contribution to Canada’s energy security. We especially welcome the inclusion of all hydropower producers in the new tax credit, as well as the extended eligibility timeline.
As details emerge, we look forward to working with the federal government to ensure the credits unlock the full potential of Canada’s “big blue battery.” In particular, we encourage the government to broaden eligibility for refurbishment projects and explore more flexible financing options to support new and modernized hydropower across all regions.
Additional information:
- Hydropower generates over 60 per cent of Canada’s electricity and accounts for more than 85 per cent of renewable generation nationwide.
- Facilities in every province and territory provide 135 terawatt-hours of annual production capacity.
- For context on sector recommendations, read WaterPower Canada’s pre-budget submission.
About WaterPower Canada:
WaterPower Canada is the national voice of Canada’s waterpower industry. As a not-for-profit trade association, WPC represents producers, manufacturers and developers who collectively account for more than 95 per cent of Canada’s waterpower capacity. The association advocates for the responsible development and use of waterpower to meet Canada’s current and future energy needs.
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Media Contact:
Paula Gray, Director of Communications, WaterPower Canada, 613-608-8155, paula@waterpowercanada.ca