Overview

• Since January, President Trump’s order halting U.S. offshore wind leasing has stalled domestic projects and prompted layoffs among turbine developers.
• Premier Tim Houston’s Wind West initiative sets a 10-year target to license roughly 4,000 turbines capable of generating 40 gigawatts of electricity.
• A recent Aegir Insights webinar attracted about 100 developers, investors and officials who praised the plan’s economic fundamentals and site potential off Sable Island.
• Analysts highlight that New England and New York utilities are willing to pay premium prices for offshore wind, positioning Nova Scotia as a competitive supplier.
• Lower interest rates and improving supply chains are reviving the global offshore wind market just as U.S. policy diverges from broader industry trends.