1. Newfoundland takes step to encourage offshore wind.
- Author
-
Boyer, Natalie
- Subjects
WIND power ,LETTERS of intent ,CANADIAN provinces ,LAND tenure ,SUSTAINABLE investing - Abstract
The Canadian province of Newfoundland and Labrador has signed a memorandum of understanding (MoU) with the federal government to become a lead regulator on offshore wind projects in 16 inland bays. This agreement allows the province to manage offshore wind projects in a similar manner to onshore projects, including land tenure and regulation. However, the MoU is contingent on the passing of Bill C-49, which would amend the Accord Acts to allow for the licensing of offshore renewable projects. In addition to offshore wind, the province is also investing in onshore green hydrogen projects. [Extracted from the article]
- Published
- 2024