The MOU establishes a clear process for Newfoundland and Labrador to administer land tenure and life-cycle regulation.
The provincial and federal governments have signed a memorandum of understanding that will enable Newfoundland and Labrador to take the regulatory lead on offshore wind projects within its inland bays. It was signed by Premier Andrew Furey and federal Energy and Natural Resources Minister Jonathan Wilkinson. Energy systems across the world are rapidly transforming, and offshore wind development will create sustainable jobs and help power Canada’s economy. With the longest coastlines in the world, Canada is well positioned to become a global leader in the $1-trillion global offshore wind energy market, particularly in Atlantic Canada. The MOU establishes a clear process for Newfoundland and Labrador to administer land tenure and life-cycle regulation. Recognizing that the Government of Newfoundland and Labrador has ambitious growth plans and wants to move ahead quickly, this agreement will allow the province to dictate the speed and pace of development in the bays.
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