Atlantic Canada Opportunities Agency
Symbol of the Government of Canada

Atlantic Canada's Renewable Energy Industry

Growth Industry

Renewable energy is becoming one of Atlantic Canada's key economic sectors. Wind farms are emerging across the region, contributing power to the electricity grid, and work is being done to harness the tidal energy of the world's highest and most powerful tides in the Bay of Fundy. In fact, Atlantic Canada is emerging as a world leader in tidal energy research.

Increasing Capacity

The growth of Atlantic Canada's renewable energy industry is supported by world-class research and development. Universities and institutes throughout the region are conducting leading-edge R&D into next-generation cleaner energy technologies. These centres of R&D excellence include the Wind Energy Institute of Canada, the nation's leading testing and research institute for wind energy systems. Atlantic Canada is also home to Canada's first wind-hydrogen village demonstration project.

Opportunities

Atlantic Canada's renewable energy sector is teeming with opportunities. A number of green technologies – including gas cogeneration, biomass, peat, tidal, wind, solar power and targeted hydro – are being developed to diversify the region's energy supply.

A green leaf

Resource Rich

Rich in natural resources, Atlantic Canada's renewable energy industry capitalizes on the strengths of its traditional sectors, including agriculture and forestry. Forestry, for example, is being considered as a source of cellulosic biofuel and scientists are conducting ground-breaking research into hydrogen fuel cells.

Export Potential

Solutions to global environmental challenges represent a growing world market for new technologies and new innovative businesses. Atlantic Canada has significant potential to export wind and other green electricity for consumption to this market.

A man standing next to solar panels Several windmills on the edge of a cliff next to the ocean An electrician working on a meter The Annapolis Tidal Power Plant in Annapolis Royal

An aerial photo of numerous windmills on a peninsula

What Atlantic Canada Offers

Geographically close to United States – seamless access to the lucrative US market

Highly educated workforce – more post-secondary graduates per capita than the Canadian and US averages, and home to 17 universities

Dedicated workers – among the lowest rates of turnover and absenteeism in North America

Low business costs – Canada leads the G7 countries in low business costs, with a cost advantage of 5.5 percent over the US

World-leading R&D commitment – Canada ranks first among the G7 countries for offering the most generous R&D tax incentives

How You Benefit

  • Improved communication and lower project management costs
  • Greater ability to recruit new graduates and retain their services
  • Lower turnover rates, which means corporate knowledge doesn't leave your organization along with staff
  • Improved profitability thanks to lower labour costs and operational cost efficiencies
  • Greater potential for revenue growth
  • Enhanced ability to innovate, be creative, and continuously learn
  • Opportunity to improve performance and profitability through access to government programs and services geared to the needs of the industry

How we can help you to locate and succeed here

The Atlantic Canada Opportunities Agency (ACOA) is the federal government agency responsible for helping to build economic capacity in the Atlantic Provinces. Through a variety of programs and services, ACOA ensures companies locating in Atlantic Canada have access to a range of practical support to help them successfully develop their businesses.

 

Map of Eastern Canada and USA, highlighting Atlantic Canada

For more information, contact:

Atlantic Canada Opportunities Agency
P.O. Box 6051, 644 Main Street
Moncton, New Brunswick
E1C 9J8 Canada

Toll-free: 1-800-561-7862 (Canada and US)
Fax: 506-851-7403

www.acoa-apeca.gc.ca/invest
invest@acoa-apeca.gc.ca

ACOA logo and the Symbol of the Government of Canada

Catalogue number: Iu89-4/3-12-2010E ISBN:978-1-100-14757-4 ACOA : 2010-02