Contact Us

Saskatchewan

Critical minerals, policy, and the energy transition

The Energy Transition in Saskatchewan, Canada

With its vast prairies and rich agricultural heritage, Saskatchewan is stepping boldly into the future with a unique energy transition strategy that reflects its distinct landscape and economic strengths. This central Canadian province is leveraging its abundant natural resources, including extensive uranium deposits and strong wind and solar power potential, to forge a path toward sustainable energy production. Saskatchewan's approach is multifaceted: it aims to enhance its role as a leader in uranium production for nuclear power while simultaneously expanding its renewable energy capacity, particularly in wind and solar, to diversify its energy mix and reduce carbon emissions. The province is also investing in carbon capture and storage (CCS) technology, capitalising on its geological advantages to pioneer advancements in reducing the environmental impact of its substantial fossil fuel industry. The province's strategy not only addresses the global challenge of climate change but also ensures energy security and supports its economy, making Saskatchewan an intriguing example of how traditional energy powerhouses can navigate the complexities of the 21st-century energy landscape.

Saskatchewan's energy revolution

Saskatchewan is at the forefront of a transformative energy revolution, leveraging its vast natural resources and innovative technologies to transition to a cleaner, more sustainable energy future. The province’s strategy focuses on a diverse mix of renewable energy, nuclear power, carbon management, and energy efficiency, supported by significant federal investments and Indigenous partnerships.

Saskatchewan’s energy revolution is expected to create over 130,000 clean energy jobs by 2050, according to Clean Energy Canada. The province’s grid is already 83% clean, and initiatives like the Clean Electricity Regulations (CER) aim to achieve a net-zero grid by 2035.

Renewable energy expansion
Saskatchewan is making substantial strides in renewable energy, particularly in wind and solar power. The Golden South Wind Project (200 MW) and the Blue Hill Wind Project (175 MW), both operational since 2022, collectively power approximately 170,000 homes. Additionally, the Bekevar Wind Energy Project, funded with a $50 million federal contribution, is expected to add another 200 MW by the end of 2024. Solar energy is also growing, with SaskPower planning to develop 2,100 MW of utility-scale solar projects in south-central Saskatchewan, capable of powering 525,000 homes once completed.

Nuclear and Small Modular Reactors (SMRs)
Nuclear energy plays a critical role in Saskatchewan’s clean energy strategy. The province is advancing small modular reactor (SMR) technology, with the first unit at the Darlington site expected to be operational by 2028. Federal investments of up to $74 million in August 2023 are supporting this development, positioning Saskatchewan as a leader in next-generation nuclear energy.

Carbon management and geothermal energy
Saskatchewan is a pioneer in carbon management technologies. The Boundary Dam Carbon Capture and Storage (CCS) Project reduces CO2 emissions by up to 90% and generates 115 MW of power, enough for 100,000 homes. Additionally, DEEP Earth Energy is developing Canada’s first geothermal project, aiming to produce 200 MW of geothermal energy in Southeast Saskatchewan, creating thousands of jobs and further diversifying the energy mix.

Energy efficiency programs
The province is also investing in energy efficiency to reduce emissions and lower costs for residents. Programs like the Saskatchewan Home Energy Improvement Program (SHEIP) provide grants of up to $4,700 for energy retrofits, while the Residential Equipment Replacement Rebate encourages homeowners to upgrade to high-efficiency appliances, reducing greenhouse gas emissions and energy bills.

National and Indigenous collaboration
Federal investments are driving Saskatchewan’s energy transition. The Smart Renewables and Electrification Pathways Program (SREPs) has funded 19 projects with over $160 million, including Indigenous-led initiatives like the Bekevar Wind Energy Project. These partnerships are crucial for achieving the province’s goal of a net-zero power system by 2050.

Critical Minerals in Saskatchewan, Canada, and the Energy Transition
Saskatchewan Critical Minerals and The Energy Transition

Source: SFA (Oxford)

Critical Minerals produced in Saskatchewan
Energy Raw Materials and products produced in Saskatchewan
Essential minerals production and products in Saskatchewan

The journey of Canada's critical minerals

Canada's renewable energy progress hinges on crucial minerals like lithium, nickel and cobalt, PGMs, rare earths, and minor metals, essential for low carbon and future technologies supported by sustainable mining and innovation policies. This strategy underscores the importance of these minerals in achieving a future of sustainability and energy security. Discover how these critical minerals are pivotal to Canada's sustainable energy transition.

LithoX | Critical Minerals and the Global Energy Transition

The global energy transition to net zero is underway. Who is leading? How are supply chains being secured? How do the geopolitics vary? SFA (Oxford) provides a global overview of critical minerals, policy and legislation.

North America

North America's rich lithium, copper, and nickel deposits are pivotal for the energy transition, fueling battery technology and renewable energy sectors. The US and Canada's advanced economies drive substantial investment in sustainable extraction and processing technologies, enhancing reliable sourcing for the energy transition.

Meet the Critical Minerals team

Trusted advice from a dedicated team of experts.

Henk de Hoop

Chief Executive Officer

Beresford Clarke

Managing Director: Technical & Research

Jamie Underwood

Principal Consultant

Ismet Soyocak

ESG & Critical Minerals Lead

Rj Coetzee

Senior Market Analyst: Battery Materials and Technologies

Dr Sandeep Kaler

Market Strategy Analyst

How can we help you?

SFA (Oxford) provides bespoke, independent intelligence on the strategic metal markets, specifically tailored to your needs. To find out more about what we can offer you, please contact us.

Get in touch