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Nova Scotia launches offshore wind funding, charging $7,000/MW annually for 10 years, aiming for $35M yearly revenue.
Nova Scotia is introducing a financial framework for its offshore wind industry, requiring developers to pay $7,000 per megawatt annually for the first 10 years, with a potential shift to a 4% royalty on gross revenue afterward.
The province aims to develop up to 5,000 megawatts, potentially generating $35 million yearly initially and up to $100 million later.
Revenue will support economic growth and clean energy goals, with electricity from early projects set for export, not local use.
A bid process has not yet been launched.
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Nueva Escocia lanza financiamiento eólico marino, cobrando $ 7,000 / MW anualmente durante 10 años, con el objetivo de obtener ingresos anuales de $ 35 millones.