TGS | Powered by 4C Offshore

4C is now TGS

We are excited to announce a significant milestone in 4C Offshore's journey. Our integration into the TGS family marks the beginning of a new era in offshore wind market intelligence.


Learn what this means for you!

Nova Scotia sets offshore wind target

4C Offshore | Tom Russell
By: Tom Russell 23/09/2022 Nova Scotia

The Province of Nova Scotia, Canada has set a target to offer leases for 5 GW of offshore wind energy by 2030 to support its green hydrogen industry.


Leases for offshore wind development will be granted through a competitive bid process jointly managed by the provincial and federal governments, and the first call for bids will be in 2025. After reaching the 5 GW target, calls for bids will be based on market opportunities.

“Setting this target sends a clear signal to the world that Nova Scotia is open for business and becoming an international leader in offshore wind and green hydrogen development,”
said Premier Tim Houston. “We are taking every opportunity to develop our renewable energy market, not only to fight global climate change, but also to create green jobs here in Nova Scotia.”

The roll out of offshore wind energy aims to support the production of green hydrogen for use in the Province and for export. Green hydrogen is an alternative to fossil fuels because it does not create greenhouse gas emissions. Offshore wind is also another option to help Nova Scotia and Canada meet future clean electricity needs.

The Province also announced that it is 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 steps the government will take to build this industry, which will help Nova Scotia reach net-zero emissions by 2050.

Nova Scotia’s offshore wind industry is to be developed in consultation with fishers, First Nations and other stakeholders. It will also take into account the federal-provincial regional assessment for offshore wind that is currently underway.

Offshore wind projects will be administered by the current offshore petroleum regulator whose mandate will be expanded and name changed to the Canada-Nova Scotia Offshore Energy Board (from Canada-Nova Scotia Offshore Petroleum Board). The board will ensure offshore wind projects meet all safety and environmental requirements.

"The Government of Canada is pleased to support our partners in Nova Scotia in delivering the deployment of clean offshore wind. This clean energy target represents an ambitious step forward towards delivering a net-zero economy powered in part by wind and hydrogen, while delivering sustainable jobs for Nova Scotians and Canadians,"
said Jonathan Wilkinson, Minister of Natural Resources.


For more information on offshore wind farms worldwide, click here.

Premium

4C Offshore Premium, our most popular subscription, gives you full access to use the 4C Offshore WebApp which includes exclusive offshore wind, transmission and vessel reports, news and downloads.

Request a 30 minute Demo

Trending News!