Wind turbines operate at Vineyard Wind 1 offshore wind farm off the coast of Massachusetts, Saturday, July 19, 2025. THE CANADIAN PRESS/AP-Carolyn Kaster
A Nova Scotia government document on the proposed initial phase of the Wind West offshore project pegs the capital cost at $60 billion.
The estimate is contained in the document released Thursday, following Prime Minister Mark Carney’s announcement that Ottawa is prepared to work with Nova Scotia to ramp up the ambitious plan.
According to the document, $40 billion would go to building wind farms and $20 billion would go toward building new transmission lines.
The document does not indicate who would pay for these costs and how they would be divided.
However, the province says Ottawa will have a critical role to play in enabling investments, permits and approvals.
The document proposal also says the province expects to get a four per cent royalty on production from the offshore energy project.
Nova Scotia will also be looking for assurances that it can access federal investment tax credits and low-interest financing through the Canada Infrastructure Bank.
“Investment incentives and lower borrowing costs are central to bringing costs down and fixing those prices for decades for customers in Quebec, Ontario and Atlantic Canada,” the document says.
Without that help Nova Scotia says the cost of offshore wind energy would come in at an estimated $240 per megawatt-hour, while with tax credits and lower borrowing costs the cost would lower to $170 per megawatt-hour.
- 0102 Lori Carr Coal Extended0102 Lori Carr Coal Extended
- 0093 Estevan OTS 20250093 Estevan OTS 2025
- 0101 VP Energy Road to adventure0101 VP Energy Road to adventure
- 0100 Turnbull Project Manager0100 Turnbull Project Manager
- 0099 Mryglod Steel 1080p0099 Mryglod Steel 1080p
- 0097 Eagle Sky Ventures LTD0097 Eagle Sky Ventures LTD
- 0095 Fast Trucking nearly 70 years good at it0095 Fast Trucking nearly 70 years good at it
- 0053 Kingston Midstream Westspur Alameda Click Before You Dig0053 Kingston Midstream Westspur Alameda Click Before You Dig
- 0092 Turnbull projects big and small0092 Turnbull projects big and small
- 0046 City of Estevan This is Estevan Teaser0046 City of Estevan This is Estevan Teaser
- 0087 Lori Carr Coal Expansion0087 Lori Carr Coal Expansion
- 0077 Caprice Resources Stand Up For Free Speech0077 Caprice Resources Stand Up For Free Speech
- 0076 Latus only0076 Latus only
- 0061 SIMSA 2024 For Sask Buy Sask0061 SIMSA 2024 For Sask Buy Sask
- 0051 JML Hiring Pumpjack assembly0051 JML Hiring Pumpjack assembly
- 0049 Scotsburn Dental soft guitar0049 Scotsburn Dental soft guitar
- 0041 DEEP Since 2018 now we are going to build0041 DEEP Since 2018 now we are going to build
- 0032 IWS Summer hiring rock trailer music
- 0022 Grimes winter hiring
- 0021 OSY Rentals S8 Promo
- 0018 IWS Hiring Royal Summer
- 0013 Panther Drilling PO ad 03 top drive rigs
- 0002 gilliss casing services0002 gilliss casing services
- 9002 Pipeline Online 30 sec EBEX9002 Pipeline Online 30 sec EBEX
- 9001
The province is also asking for help in engaging with the Mi’kmaq with aid through the Federal Indigenous Loan Guarantee Program, where Ottawa would negotiate and provide funding for participating communities to purchase an equity interest.
Meanwhile, the document proposal identifies two route options to move energy to markets including an overland route via New Brunswick and a subsea route direct to Quebec or New England with the province saying it is “open to either route.”
In July, the province announced that four offshore areas had been designated for offshore wind development. The areas include French Bank, Middle Bank and Sable Island Bank — all south of Nova Scotia’s Eastern Shore — and Sydney Bight, northeast of Cape Breton.
Provincial officials have said the province expects to issue a call for development bids by the end of this year with a goal of licensing five gigawatts of offshore wind energy by 2030, and some possible construction of offshore turbine sites in 2033.
This report by The Canadian Press was first published Sept. 12, 2025.
- 0102 Lori Carr Coal Extended0102 Lori Carr Coal Extended
- 0093 Estevan OTS 20250093 Estevan OTS 2025
- 0101 VP Energy Road to adventure0101 VP Energy Road to adventure
- 0100 Turnbull Project Manager0100 Turnbull Project Manager
- 0099 Mryglod Steel 1080p0099 Mryglod Steel 1080p
- 0097 Eagle Sky Ventures LTD0097 Eagle Sky Ventures LTD
- 0095 Fast Trucking nearly 70 years good at it0095 Fast Trucking nearly 70 years good at it
- 0053 Kingston Midstream Westspur Alameda Click Before You Dig0053 Kingston Midstream Westspur Alameda Click Before You Dig
- 0092 Turnbull projects big and small0092 Turnbull projects big and small
- 0046 City of Estevan This is Estevan Teaser0046 City of Estevan This is Estevan Teaser
- 0087 Lori Carr Coal Expansion0087 Lori Carr Coal Expansion
- 0077 Caprice Resources Stand Up For Free Speech0077 Caprice Resources Stand Up For Free Speech
- 0076 Latus only0076 Latus only
- 0061 SIMSA 2024 For Sask Buy Sask0061 SIMSA 2024 For Sask Buy Sask
- 0051 JML Hiring Pumpjack assembly0051 JML Hiring Pumpjack assembly
- 0049 Scotsburn Dental soft guitar0049 Scotsburn Dental soft guitar
- 0041 DEEP Since 2018 now we are going to build0041 DEEP Since 2018 now we are going to build
- 0032 IWS Summer hiring rock trailer music
- 0022 Grimes winter hiring
- 0021 OSY Rentals S8 Promo
- 0018 IWS Hiring Royal Summer
- 0013 Panther Drilling PO ad 03 top drive rigs
- 0002 gilliss casing services0002 gilliss casing services
- 9002 Pipeline Online 30 sec EBEX9002 Pipeline Online 30 sec EBEX
- 9001