Today’s renewable energy news includes announcements on Nova Scotia, VEICHI, onshore wind market size, among others.
Nova Scotia Grants Approval for 1.2-GW Ocean Lake Wind Project
Nova Scotia has granted environmental assessment approval for the 1.2-GW Ocean Lake Wind Project, one of the largest onshore wind developments proposed in Canada. The project is being developed by EverWind NS Holdings Ltd. in partnership with Membertou Development Corporation and will be located in eastern Nova Scotia. The approval marks a major milestone in advancing large-scale renewable energy infrastructure in the province. The project is expected to feature up to 158 wind turbines and generate enough clean electricity to power approximately 404,000 homes. The renewable power produced will support Nova Scotia’s clean energy goals while also supplying electricity for the production of green hydrogen and green ammonia, key components of the province’s emerging clean fuels industry. A key benefit of the development is its contribution to reducing carbon emissions, strengthening energy security, and accelerating the transition away from fossil fuels. The project will also create significant economic opportunities through construction activity, long-term operations, and local supply-chain participation. The approval reinforces Nova Scotia’s position as a growing renewable energy hub and highlights the increasing role of large-scale onshore wind projects in supporting Canada’s decarbonization and clean energy ambitions.
VEICHI Launches Advanced C&I Energy Storage and Microgrid Solutions
VEICHI Electric has unveiled its latest Commercial & Industrial (C&I) Energy Storage and Microgrid Solutions, designed to help businesses improve energy efficiency, reduce electricity costs, and enhance energy resilience. The new portfolio integrates solar generation, battery energy storage, intelligent energy management, and microgrid control technologies into a comprehensive platform for commercial and industrial users. At the core of the solution is VEICHI’s next-generation VPS Hybrid Inverter, which delivers higher power density, improved conversion efficiency, and seamless switching between grid-connected and off-grid operations. The system enables businesses to optimize energy consumption, reduce peak-demand charges, maximize renewable energy utilization, and maintain power supply during grid outages. A key innovation is the integration of battery storage and intelligent microgrid management, allowing facilities to store excess solar energy and deploy it when needed. This improves grid stability, energy security, and operational reliability while supporting corporate sustainability goals. The solution is suitable for manufacturing facilities, commercial buildings, industrial parks, and other energy-intensive applications. The launch reflects growing global demand for decentralized energy infrastructure and positions VEICHI as a provider of integrated clean energy solutions that support the transition toward a more resilient, flexible, and low-carbon energy future.
Onshore Wind Market to Reach $321.14 Billion by 2035 as Asia Pacific Leads Global Growth
The global onshore wind market is projected to expand from USD 132.47 billion in 2026 to USD 321.14 billion by 2035, registering a 10.3 percent CAGR. The market was valued at USD 122.77 billion in 2025, with forecasts covering 2023–2035. The report includes 150 data tables, 60 figures, and 300 pages of analysis. Asia Pacific accounted for 71 percent of the market in 2025 and is expected to remain the fastest-growing region. The turbines segment is forecast to grow at a 10.4 percent CAGR, while the above 5 MW category will expand at 13.4 percent CAGR. The 3–5 MW turbine segment is expected to retain the largest market share.
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