For Immediate Release
April 5, 2022

Two announcements in Newfoundland and Labrador today are helping to set the stage for clean energy industry growth in Newfoundland and Labrador.

First, the province’s Minister of Industry, Energy, and Technology announced an end to the moratorium on wind development.

“The wind moratorium was a barrier that needed to be removed immediately in order to allow for clean energy development in this province,” said Kieran Hanley, econext‘s CEO. “We were very pleased to see the Minister commit to this action today, as it sends an important signal to industry and investors that the door is opening for new renewable energy projects in Newfoundland and Labrador.”

Last Fall econext submitted to the provincial government a series of specific recommendations for consideration in the development of Newfoundland and Labrador’s renewable energy plan – a plan that was released in December.

“We are very encouraged by the speed at which the government is moving on the actions it committed to in its renewable energy plan,” said Hanley. “If we can continue progressing and building momentum at this rate, Newfoundland and Labrador will be able to realize its clean energy potential.”

The second announcement today was that the offshore petroleum regulator was expanding its mandate to include offshore renewable energy. In addition, Environment and Climate Change is initiating a regional assessment under the Impact Assessment Act for wind energy in Newfoundland and Labrador’s offshore.

“Newfoundland and Labrador has some of the best offshore wind resources in the world,” said Hanley, noting that an important enabling condition for clean growth is the implementation of a regulatory framework that will support it. “The expansion of the offshore regulator’s mandate is another proactive step that will open the door to new opportunities.”

econext is an association of businesses that accelerates clean growth in Newfoundland and Labrador and works on behalf of over 200 members to foster environmentally sustainable economic development. More information can be found at https://econext.ca.

Media Contact
Kieran Hanley, CEO
kieran@econext.ca

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