Nova Scotia targets 5 gigawatts of offshore wind leases by 2030

ReNews.biz:

The Canadian province of Nova Scotia has set a target to offer leases for 5GW of offshore wind energy by 2030 to support the green hydrogen industry.

The leases 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 5GW target, calls for bids will be based on market opportunities.

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.

This board will ensure offshore wind projects meet all safety and environmental requirements.

The province also announced that it is developing a green hydrogen action plan which will be released in 2023.

It 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.

[Staff Report]

More: Nova Scotia to lease 5GW offshore wind by 2030