To attract offshore wind investment to Nova Scotia, it is important to understand the development in other jurisdictions. If Nova Scotia developed offshore wind in its coastal waters, it would compete for investment against these jurisdictions. Naturally, investors often select locations with minimized investment risks. It is important to understand what economic and policy conditions could minimize investor risk and be used to attract investment in Nova Scotian offshore wind developments.
This report (1) summarizes the policy and economic conditions in competing jurisdictions that have experienced offshore wind investments, (2) describes the economic and policy conditions required to attract offshore wind investment to Nova Scotia and (3) identifies a feasible timeline for offshore wind investment in Nova Scotia.
Principal Investigator: Rikke Winther Nørgaard, Aegir Insights Aps