Last week it was announced that the GW-scale Wind West project is on Prime Minister Mark Carney's list of strategic projects to continue development, which could be a boost to Atlantic Canada’s wind energy prospects as a new export route.
The declared purpose of the Wind West project is to enable large-scale wind energy generation in Atlantic Canada for export to the rest of the country, but could also open up route to market in the US. From here, the Province will work with the Federal government to secure financial support and work towards being referred to the ‘Major Projects Office’ which can support fast-tracking approvals.
With world-class wind resources — both onshore and offshore — how does Atlantic Canada's resource stack up?
With Aegir Quant™, at Aegir Insights we calculated breakeven price levels using the example of announced and potential wind projects in the province Nova Scotia, which is soon to launch Canada's first offshore wind seabed right award. A look at the economic merit order of Nova Scotia’s wind projects shows a relatively flat price curve and an immense scale of resource potential. Aegir Insights' clients can dive deeper into the analysis in our new Insights report on the Aegir Platform.
Reach out to learn more about the Canadian wind energy market and how Aegir Quant™ can help clients make renewable investment decisions.
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