A brand new regulation enabling the event of offshore wind tasks in Atlantic Canada has obtained Royal Assent from the Canadian authorities and is now in impact.
Invoice C-49 expands the mandate of offshore boards in Nova Scotia and Newfoundland and Labrador to incorporate renewable power tasks, making certain a constant regulatory regime in federal-provincial collectively managed areas.
“Invoice C-49 permits Atlantic Canada to grab the generational financial alternative offered by offshore renewable power. It would strengthen the financial system, allow the creation of 1000’s of jobs and entice billions in investments in Nova Scotia and Newfoundland and Labrador”, mentioned Canada’s Minister of Power and Pure Sources, Jonathan Wilkinson.
The regulation paves the way in which for offshore wind growth in Nova Scotia and Newfoundland and Labrador. The 2 provinces are required to move mirror laws as a part of the Atlantic Accord whereas Nova Scotia already did that.
The province acknowledged its intention to launch competitors subsequent yr for offshore land leases, hoping to place sufficient wind generators in place to provide 5 GW of energy – sufficient for roughly 1.5 million houses.
“Traders are lining as much as harness our wind energy and produce clear power for inexperienced hydrogen and different makes use of. Now that this invoice has handed, together with our personal provincial mirror laws, we’re properly on our solution to creating our offshore wind trade hand in hand with our federal companions, beginning with issuing our first name for bids subsequent yr”, mentioned Tory Rushton, Minister of Pure Sources and Renewables, Authorities of Nova Scotia.
In Newfoundland and Labrador, the Canadian authorities awarded funding to a undertaking utilizing floating wind generators to energy oil and fuel belongings again in 2021, amongst a number of different chosen tasks that have been deemed to assist scale back greenhouse fuel emissions from the province’s offshore oil and fuel operations.
Invoice-49 introduces amendments to the Accord Acts that create a framework for creating offshore renewable power.
It additionally renames the Canada-Nova Scotia Offshore Petroleum Board to the Canada-Nova Scotia Offshore Power Regulatory (CNSOER) and the Canada-Newfoundland and Labrador Offshore Petroleum Board to the Canada-Newfoundland and Labrador Offshore Power Regulator (C-NLOER).
As well as, the mandates of each regulators are expanded to supervise offshore renewable power tasks.
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