The Canadian government has announced a $100 million investment in the development of an offshore wind energy project in Nova Scotia.
What happened
Federal Energy Minister Tim Hodgson announced the investment, which will be used to support the Wind West project, a potential $60 billion initiative that could generate five gigawatts of electricity by 2033.
The project has the potential to power up to 1.5 million homes in Canada, with excess electricity potentially being exported to other regions. The investment will be used to deploy a network of floating light detection and ranging buoys, expand modelling for transmission lines, and conduct subsea drilling to gather information about sea floor conditions.
Nova Scotia Premier Tim Houston welcomed the investment, saying it would shave at least a year off the development timeline and give potential developers more confidence in the project. The project is part of the Atlantic Energy Strategy, which aims to establish a single electricity system operator for the Maritimes.
