Funding Allocation and Timeline
The investment will primarily fund the collection of wind, ocean, and seafloor data. According to a press release cited by Canadian Manufacturing, $5 million of the commitment will go toward the deployment of floating light detection and ranging (FLiDAR)–mounted buoys. These buoys are designed to measure offshore wind speeds and ocean conditions to help proponents prepare for the project’s Call for Bids.
There is a discrepancy in the reported timeline for the Call for Bids. Global News reported that federal Energy and Natural Resources Minister Tim Hodgson anticipates the call for bids will be issued "this winter." However, Canadian Manufacturing, citing an Oct. 15 press release, states that the Call for Bids will be launched by the Canada–Nova Scotia Offshore Energy Regulator in winter 2027. Due to this conflict, the specific launch date remains unclear.
Additionally, Natural Resources Canada is providing nearly $3 million to Net Zero Atlantic. This funding will expand existing modelling to include the transmission of offshore wind power from Nova Scotia to Quebec, Ontario, and beyond, and conduct marine survey work to support transmission cable routing.