Canada just launched the prequalification leading up to its first offshore wind auction, with three areas identified off the Atlantic province Nova Scotia.
What to know about the first offshore wind auction in Canada:
- The simultaneous Prequalification and Call for Information are lead by the Canada-Nova Scotia Offshore Energy Regulator and will run until January 13th.
- Three areas are on the table in this initial auction - with actual leases to be defined within those areas, guided by responses to the Call for Information.
- Prequalification criteria are mostly aimed at clarifying financial and technical capabilities of potential bidders, but with one nudging towards use of local workforce.
- Direct or indirect support initiatives include a potential PPA, federal ITCs, the Wind West transmission project and more.
Do you want a primer for making decisions about this new market opportunity?
Participate in Aegir Insights’ free Wavelength Intelligence Briefing webinar on 5 November 2025 where we will cover how to get ready for the prequalification, the conditions in the offered areas, tax credits and other support measures, as well as route-to-market challenges and potential solutions.
Sign up here to receive this Briefing in your inbox.
Meet Aegir Insights in Halifax in November at the Marine Renewables Canada conference
Aegir Insights has a unique position to offer insights into the Canadian market, having been engaged with authorities and developers in the market for more than four years. We will be at Marine Renewables Canada conference in Halifax 12-14 November – reach out for a meeting.
Model the auction areas of Canada's first offshore wind auction in Aegir Quant™
Already a client? Ask us for our pre-populated Aegir Quant™ model with the auction areas and/or a market briefing tailored to individual needs.
Not a client? Reach out to us here to learn more about Aegir Insights’ market intelligence on Canada.
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