Beothuk Energy Inc. Proposes $4 Billion Offshore Nova Scotia Wind Power Project

Beothuk Energy Nova Scotia

Dec 31 2015

Beothuk proposes to manufacture and install a 1,000 megawatt (MW) wind farm in shallow waters off Nova Scotia’s southwest coast. Power would be exported to New England via a proposed 200 nautical mile subsea cable, the Can-Am Link. To develop this Nova Scotia – New England export project, Beothuk has partnered or formed working relationships with leaders in finance, construction and the offshore wind industry, including Jacob Capital Management, Siemens Offshore Wind, Talon Energy and Maderra Engineering.

The proposed site has world-class wind resources and will be located about 20y kilometers from shore in shallow waters of 30 meters or less. It will be outside of major shipping lanes and commercial fishing grounds. The Can-Am Link would make landfall close to existing transmission facilities, near Boston giving access to the New England transmission corridors. This offshore wind power will contribute to the region’s security of supply and benefit both the American and Canadian governments’ climate change strategies. Benefits to Nova Scotia include the manufacturing of various components for the offshore wind farm that consist of gravity based structure construction and establishment of a service/supply port.

According to Kirby Mercer, President and CEO of Beothuk, “We are creating a new energy sector in the Atlantic provinces that will have an immense beneficial socioeconomic effect with thousands of new, highly skilled jobs. This project will also support the Trudeau Government’s Climate Change Program, the UN Paris Accord, and the Nova Scotia government’s Marine Renewable Energy Strategy.”
Offshore wind energy has emerged as one of the most attractive solutions to the world’s energy challenges and climate change problems. It is green energy with no major environmental impacts. Studies show that winds blow harder and more consistently at sea. Offshore wind farms are out of sight, thus eliminating objections of noise and visual pollution. Offshore wind is a proven technology, having operated in Europe for 25 years. It is an emerging energy sector in North America.

The U.S. Department of Energy estimates that over the next 30 years, offshore wind has the potential to create revenues of US$100 billion. By 2030, offshore wind is projected to supply 22,000 MW of clean and abundant energy to America, enough to power 4.5 million homes. “As both Canada and the United States seek to meet their climate change goals, clean, renewable off-shore wind is going to play a major role in helping decrease reliance on fossil fuels,” says Sasha Jacob, CEO of Jacob Capital Management. “Off-shore wind in North America is the next big area for investors in cleantech and one in which we are proud to bring our global experience to harness the potential right here in Canada. Beothuk’s potential is tremendously exciting.”

Beothuk is in discussions with various Canadian and American utilities and independent power producers regarding power purchase agreements and partnerships for this project. Early in 2016, Beothuk plans to hold consultations with Nova Scotia stakeholders, including First Nations and environmental groups, and municipalities in proximity to the project.

Headquartered in St. John’s, NL, Beothuk has a strategic focus on offshore wind power. Beothuk previously announced a 180 MW offshore wind farm in St. George’s Bay, Newfoundland and Labrador, Canada. The two projects are part of the Newfoundland company’s long-term plan to construct five offshore wind farms in Atlantic Canada, the CEO said.

 

 

Related Articles


Latest Articles


Changing Scene

  • SurgePure Corporation Expands into the Mid-West with New Representation Partner, Advance Electrical Agency

    SurgePure Corporation Expands into the Mid-West with New Representation Partner, Advance Electrical Agency

    August 1, 2025 SurgePure Corporation is proud to announce its new partnership with Advance Electrical Agency, who will represent the company across Saskatchewan, Manitoba, and Western Ontario. Led by principals Darren Churchwell and Bob Fiesel , the Advance team is part of a well-established agency known for representing some of the most respected manufacturers in… Read More…

  • Munden Partners with Valid Manufacturing in Atlantic Canada

    Munden Partners with Valid Manufacturing in Atlantic Canada

    August 1, 2025 Munden Enterprises has announced that they are back in the custom enclosure business through a new partnership with Valid Manufacturing Ltd. Expect Canadian-made, engineered solutions for industrial, utility, transportation, wastewater, renewables, and beyond. Whether you need a bare enclosure or a fully assembled panel, Munden is here to help. Reach out to… Read More…

  • JEHS Joins Forces with NOARK to Deliver Smarter Electrical Solutions in Ontario

    JEHS Joins Forces with NOARK to Deliver Smarter Electrical Solutions in Ontario

    August 1, 2025 NOARK Electric is pleased to announce a new partnership with Cambridge, Ontario based manufacturing representitive, JEHS. This strategic collaboration will expand NOARK’s reach and customer support across Ontario and beyond, bringing reliable and innovative electrical solutions to a wider audience. With over 50 years of combined sales experience, JEHS brings a strong… Read More…

  • BC Hydro Making it Easier and More Affordable to Connect New Homes

    BC Hydro Making it Easier and More Affordable to Connect New Homes

    July 24, 2025 BC Hydro is supporting the construction of new housing developments in growing communities by advancing changes to streamline upgrades and reducing the cost of new customer connections to BC Hydro’s electricity grid. “As communities across B.C. grow, so does the need for essential housing. We are committed to ensuring we’re ready to… Read More…