The Province’s independent procurement administrator, CustomerFirst Renewables, is moving forward with a request for proposals (RFP), for wind and solar energy projects that will supply 10 per cent of the province’s electricity.
These projects will generate 350 megawatts of low-cost renewable energy and reduce Nova Scotia’s greenhouse gas emissions by more than one million tonnes annually.
“This represents the largest potential to reduce greenhouse gases from a single government procurement,”
said Tory Rushton, Minister of Natural Resources and Renewables.
“We are committed to have 80 per cent of Nova Scotia’s electricity needs supplied by renewable energy by 2030, and the projects that come from this RFP will play a critical role in helping us achieve that goal.”
Wind and solar are both low-cost sources of electrical energy in Canada, making this RFP the most economical pathway to reduce a significant amount of greenhouse gases.
The RFP is a competitive, fair and transparent process to provide the best value to ratepayers. It encourages proponents to demonstrate their commitment to engaging with the public – including with Mi’kmaq communities, using the Nova Scotia supply chain and working with underrepresented communities within the energy sector.
Nova Scotia is already experiencing the impacts of our changing climate. Wind and solar projects are an important part of our energy future as we transition off coal and towards a healthier, cleaner, more sustainable province. This RFP will help us meet our targets in the Environmental Goals and Climate Change Reduction Act and our commitment to Nova Scotians and our planet.,
Timothy Halman, Minister of Environment and Climate Change said.
Up to five projects are expected to be selected from the process. They are expected to create upwards of 2,000 direct and indirect jobs over their lifetime, mostly in rural Nova Scotia, and generate more than $550 million in construction activity.
Industry experts will review and evaluate the proposals, and successful proponents will receive a 25-year contract with Nova Scotia Power for the sale of the renewable electricity generated. Projects must receive all other required regulatory permits and approvals, including an environmental assessment.
The Province is in the final phase of negotiations with the Canada Infrastructure Bank on financing options for bidders.