St. John’s-based Beothuk Energy’s proposed $4-billion, offshore wind energy development for the southern tip of Nova Scotia is on the backburner two years after it was unveiled.
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|It was supposed to be a boon for Yarmouth’s economy.
A 200-kilometre undersea high-voltage transmission line, dubbed the Can-Am Link, was to connect the 1,000-megawatt energy project to the Boston area. Wind turbines on gravity bases were to sit in water no deeper than 30 metres.
The first phase, expected to produce 300-400 megawatts of electricity, was to come online in four to five years. The number of jobs to be created would have been close to 1,000 for that phase alone.
In late December 2015, Yarmouth Mayor Pam Mood called the project “exciting.”
But now, halfway through the projected schedule to get the first phase of the project up and running, a Beothuk Energy partner is saying the mega-wind farm off the southern tip of Nova Scotia is no longer a top priority.
“You cannot work on six projects at the same time,” said Lars Thaaning Pedersen, co-chief executive officer of Copenhagen Offshore Partners, in an interview. “It costs too much and this Yarmouth project is not the highest priority.”
Kirby Mercer, chief executive officer for Beothuk Energy, did not reply to repeated requests for an interview about this massive, proposed wind energy development.