Opportunities for Atlantic Canada industrial supply chain in Brazilian & LATAM offshore wind developments.
With Brazil increasing its policy support and ambitions for a thriving offshore wind market, it has the potential to be an important export market for Canadian suppliers that have capabilities to service project development. In addition to Brazil, other countries in Latin America (LATAM), like Colombia and Chile are making strides in offshore wind (OSW) development. Marine Renewables Canada (MRC) has delved deeper into the Brazilian market specifically, and broader LATAM region, to gather market intelligence and better understand market potential and entry points for MRC members and Canadian companies.
With support from the Atlantic Canada Opportunities Agency (ACOA), MRC commissioned a study to ascertain the realistic commercial opportunities for Canadian firms in the LATAM OSW development markets, with specific emphasis on Brazil, and align those with the capacity and competitive capabilities.
This study was aimed at providing actionable advice that can improve the chances of commercial success by Canadian industrial supply chain companies who seek to capture contracts in support of the development of the Brazilian OSW sector. It also provides a broader overview of other countries in LATAM that hold potential for OSW development.
Read more:
→ Full Study (available to MRC members through the members only portal)
Analysis of Global Offshore Wind Auction Frameworks and Recommendations for the Canadian Context
Canada’s Ocean Supercluster and MRC commissioned OWC, a specialist global offshore wind consultancy, to prepare a detailed report on how seabed leasing rounds for offshore wind projects may be structured, designed and implemented for the Canadian market. This topic is particularly important as Nova Scotia and Newfoundland and Labrador work to implement the updated Accord Acts following Bill C-49 reaching royal assent in October.
There is growing awareness across markets that seabed leasing (and auction) processes can significantly influence industry direction. The aim of this report is, therefore, to make recommendations as to how to maximise this opportunity to use the leasing round as a mechanism to positively shape the industry as it matures in Canada, and conversely, ensure pitfalls that have been highlighted in other jurisdictions are avoided.
MRC will be using this report to engage and have important discussions with government regulatory bodies about seabed leasing and auction design. It is also a useful resource for industry and different stakeholder groups, providing details on the intricacies of leasing round design to promote better understanding of the issues and help support more meaningful future engagement activities.
Read the report summary here:
→ English Version
→ French Version