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ARTICLE · 06 APRIL 2022

Power Perspectives 2022 - Atlantic Provinces Regional Overview

McCarthy Tétrault
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Last year was one of continued growth and activity for the Atlantic power sector. The region continued to pursue its transition towards renewable and new energy sources.

CanadaEnergy and Natural Resources
Canadian Energy Perspectives
Canadian Energy Perspectives
Elena Drouin
Elena Drouin
Stephen Furlan
Stephen Furlan
Jacob Stone
Jacob Stone
Gaetan Thomas
Gaetan Thomas
Paul Zed
Paul Zed
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Introduction and Market Update

Last year was one of continued growth and activity for the Atlantic power sector. The region continued to pursue its transition towards renewable and new energy sources. All four provinces — Nova Scotia, Newfoundland & Labrador, New Brunswick and Prince Edward Island — took initiatives to make good on their ongoing climate change action commitments and to address Canadian federal energy regulations which now require that coal-fired electricity be phased-out by 2030 by putting forward, to varying degrees, plans of shifting the structure of their energy markets and moving towards a greener economy.

The movement towards renewable energy sources has led to opportunities for public and private projects aimed at increasing the regional supply of wind, solar and potentially even tidal energy. Recent provincial elections have not changed trends in this direction.

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