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ARTICLE · 27 DECEMBER 2023

The Offshore Renewable Energy Area: Navigating Offshore Commitments In Newfoundland And Labrador

Stewart McKelvey
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A recent Government of Newfoundland and Labrador ("GNL") announcement affirms the Province's swift and ambitious approach to offshore wind development.

CanadaEnergy and Natural Resources
David Randell
David Randell
Jayna Green
Jayna Green
G. John Samms
G. John Samms
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A recent Government of Newfoundland and Labrador ("GNL") announcement affirms the Province's swift and ambitious approach to offshore wind development. While it may come as a shock to those who were envisioning that offshore wind energy would be wholly regulated by the Canada-Newfoundland and Labrador Offshore Energy Regulator ("Offshore Energy Regulator"), the Memorandum of Understanding ("MOU") signed December 6, 2023 by the Federal and Provincial governments intends to ensure that offshore renewable energy project approvals within inland Provincial bays will not be subject to legislative delays.

Described as a direct signal to investors that Canada and the GNL are affirming their shared commitment to jointly manage the Province's offshore renewable energy resources, the MOU establishes a framework for regulation of offshore renewable energy projects within the designated offshore renewable energy area ("ORE Area").

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