Canada has become the second-most favorable place to invest in green energy projects

According to a recent study, Canada has become the second-most favorable place to invest in Green Energy projects with the new tax credits rolled out in the 2023 budget. The budget plans were presented by the Canadian government last month. In the study, the US rank first and Germany third. 

For German technology providers in the fields of energy generation from renewables and for suppliers of equipment in the environmental technologies sector, the new incentives offer great opportunities on the Canadian market.
 
You can find more in-depth information on the incentives in this article by Germany Trade & Invest (in German): Kanada stellt Steuergutschriften für Cleantech-Investitionen vor | Wirtschaftsumfeld | Kanada | Industriepolitik (gtai.de)
 
Read more about the study here: Canada becomes global leader in green energy incentives, boosting project value by as much as 50% (rystadenergy.com)