'The Sydney solution': Cape Breton wind interests want to spin more business up

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 61 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Explore stories from Atlantic Canada.

Chris Kelades: One last grapple | SaltWire #thinkingoutloud #sheldonmacleod #mma #saltwire #newsThree offshore wind farms, providing a combined 172 megawatts of output, are operating off the east coast of the United States. More than a dozen others are either being built or in different phases of environmental assessment or planning.

Most of ACBT’s inventory was built in Europe, destined for the United States. Eykhout said terminals like ACBT are in short supply and the Sydney yard’s opening further allowed Sarens to take part in the North American industry — including, someday, in Nova Scotia. On the other end of the logistics line is the United States, where the Biden administration has a goal of deploying 30 gigawatts of offshore wind — the energy of more than 2,000 offshore turbines — by 2030. Billions more dollars in investment would be needed to hit that goal.Shipping large components to the U.S. has been a challenge for a few reasons. A significant barrier is the Jones Act — a law requiring shipping between American ports to be done by American ships.

Novaporte vice-president of operations and corporate development Kathleen Yurchesyn: “There’s nowhere else on the East Coast of North America that is doing this on any kind of large forum, but the industry is demanding a port asset for this type of development. Novaporte and the Sydney harbour are suited for exactly that.

“It is the single-biggest opportunity to ever face our region,” Yurchesyn said of the green energy industry, fed by wind power.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Breton Ability Centre residents start landscaping business in Cape BretonExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Breton Ability Centre residents start landscaping business in Cape BretonExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »