Nova Scotia plans first offshore wind energy auction in Canada
The Canadian province of Nova Scotia has announced plans to conduct Canada’s first offshore wind auction in 2025. This is part of a larger effort to develop a green hydrogen industry for the province in support of the broader initiative recently announced between the Canadian and German governments.
Leases for the offshore wind development will be awarded through a bidding process jointly managed by the provincial and federal governments, with an initial target of 5 GW of electricity in the first tender in 2025 After reaching the 5 GW target, tenders will be based on market opportunities. Nova Scotia’s efforts complement federal government planning for offshore wind farm development in Newfoundland and Labrador.
Despite independent estimates that Canada has a potential of over 9,000 GW of offshore wind power generation, the Canadian federal government has imposed a moratorium over the past decade on development as it researches its potential and the best ways to approach development. In the meantime, Canadian has been researching other forms of renewable energy, including hydroelectric, tidal and wave power generation.
“Setting this goal sends a clear signal to the world that Nova Scotia is open for business and becoming an international leader in the development of offshore wind energy and green hydrogen,” said the Prime Minister Tim Houston. “We are taking every opportunity to grow our renewable energy market, not only to fight global climate change, but also to create green jobs here in Nova Scotia.
The provincial government said when announcing its plans that it believes the most promising use of offshore wind energy is the generation of renewable electricity to produce green hydrogen for use in the province. and export. However, they noted that offshore wind is also another option to help Nova Scotia and Canada meet future clean electricity needs.
“Nova Scotia offers some of the best offshore wind resources in the world, with enough capacity to serve local and international green hydrogen markets. We will use this geography to our advantage in our pursuit of offshore wind as one of many solutions to help fight climate change and grow our green economy,” said Tory Rushton, Minister of Natural Resources and Energy. renewables in Canada.
Last month, Canada and Germany announced a Alliance to develop hydrogen for export to Germany. Nova Scotia said when planning its offshore wind lease auctions that it is also developing a green hydrogen action plan to be released in 2023. The plan will outline the role green hydrogen can play in the transition to clean energy and the measures the government will take. to build this industry, which will help Nova Scotia achieve net zero emissions by 2050.