Ottawa and Nova Scotia have revealed the initial stages for kick-starting Canada’s first offshore wind projects, which include a prequalification process for potential bidders. Sean Fraser, the minister responsible for the Atlantic Canada Opportunities Agency, shared that the aim is to assess the capabilities of interested companies before issuing a call for bids, expected early next year.
Fraser emphasized the importance of ensuring that capable entities are selected for the projects. The Canada-Nova Scotia Offshore Energy Regulator will engage in public consultations with the Mi’kmaq, offshore wind industry, and fishing and seafood sectors to gather input for the bidding process.
Following the information-gathering phase, the bid call will be open for at least 30 days, while the prequalification process will span a minimum of 90 days. The plan is to solicit bids for up to three gigawatts of energy initially, with a potential increase to five gigawatts if deemed feasible.
Last week, Prime Minister Mark Carney expressed Ottawa’s readiness to collaborate with Nova Scotia on the Wind West project, aimed at supplying power to Atlantic Canada and beyond. Nova Scotia Energy Minister Trevor Boudreau reiterated the province’s commitment to expediting the project while ensuring proper development procedures.
Nova Scotia’s goal is to issue development bids by year-end, aiming to license five gigawatts of offshore wind energy by 2030, with potential construction starting in 2033. The estimated capital cost for Wind West is around $60 billion, with the province seeking support from federal investment tax credits and low-interest financing through the Canada Infrastructure Bank.
Fraser emphasized the need for collaborative efforts to transform plans into tangible investments, highlighting the importance of establishing a framework for project realization. The province has designated four offshore areas for wind development, with specific requirements for bidders to demonstrate commitment through financial contributions.
The fees levied on bidders are intended to showcase their seriousness and secure exclusive rights to submerged lands. The government directives also outline the identification of specific parcels for development in designated offshore areas.
