Canadian province of Newfoundland chose four companies to build wind farms

Newfoundland and Labrador, a province in Canada’s Atlantic region, has selected four companies to develop wind farms aimed at supplying power for new hydrogen plants. These projects, however, are conditional on receiving further approvals. The province’s move aligns with Canada’s commitment to supply green hydrogen to Germany by 2025, as part of its efforts to overcome challenges like equipment shortages and local opposition.

The companies selected for the wind farm projects are EverWind NL Company, Exploits Valley Renewable Energy Corp, ABO Wind, and World Energy GH2. They have been given the opportunity to apply for approval to use government land, subject to environmental assessment. This selection follows a narrowing down process from a total of 24 bids, with nine projects advancing to further evaluation in July.

Hydrogen, produced through water electrolysis, is considered a low-emission fuel that can contribute to decarbonizing industries and transportation. It’s labeled as “green” if generated using renewable energy and “gray” if powered by carbon-emitting natural gas. However, there have been debates about the efficiency of using Canadian renewable power to produce hydrogen and ship it to Europe, considering competition from other regions, like the U.S. Gulf Coast.

One of the selected companies, World Energy GH2, submitted its environmental impact statement for its hydrogen project to the provincial government this month. The company hopes to start hydrogen production in 2025. However, concerns have been raised by residents about the impact of wind farms on the local landscape. World Energy GH2 plans to seek off-take agreements with hydrogen buyers and raise additional equity once the federal government finalizes tax credits for green hydrogen plants.

The CEO of World Energy GH2, Sean Leet, expressed the belief that the hydrogen market will face supply shortages in the foreseeable future, contributing to the urgency of such projects.

Elevate your business with QU4TRO PRO!

Gain access to comprehensive analysis, in-depth reports and market trends.

Interested in learning more?

Sign up for Top Insights Today

Top Insights Today delivers the latest insights straight to your inbox.

You will get daily industry insights on

Oil & Gas, Rare Earths & Commodities, Mining & Metals, EVs & Battery Technology, ESG & Renewable Energy, AI & Semiconductors, Aerospace & Defense, Sanctions & Regulation, Business & Politics.

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

Metallurgical coal prices slump, but Asian demand points to recovery

Metallurgical coal producers find themselves in an unusual position. Prices are languishing near four-year lows, forcing companies such as BHP to suspend operations at mines in Australia, the world’s top exporter. Yet despite the immediate pain, compounded by higher royalties in Queensland and sluggish global steel production, there is a growing sense of medium and long-term optimism across the industry.

The reason lies not in current market weakness but in the trajectory of Asian steel demand and the scarcity of new metallurgical coal supply on the horizon. Australia dominates the global seaborne trade in metallurgical coal, shipping over 150 million tons in 2024, more than half the world’s exports.

Autonomy replaces EVs as the auto industry’s next big bet at CES 2026

Autonomous driving and “AI-defined mobility” are poised to be the dominant automotive narrative at CES 2026 in Las Vegas, not because the technology is suddenly solved, but because capital markets and corporate planners are treating it as the next credible route to differentiated revenue after the industry’s electric-vehicle push ran into demand softness, cost inflation, and policy headwinds.

The show, running January 6-9, is set to feature a dense pipeline of supplier and startup demonstrations, including sensors, compute stacks, perception software, safety tooling, and fleet orchestration, alongside announcements of partnerships meant to accelerate commercialization and shift more of the driving task away from humans, up to and including fully driverless use cases.

China faces disruption in Iranian oil supplies as Tehran demands higher prices

China’s oil trade with Iran has reportedly hit a roadblock as Tehran has chosen to withhold shipments and is demanding higher prices from China, its top client. Iranian oil constitutes about 10% of China’s crude imports, and the reduction in supplies could potentially impact global oil…

Stay informed

error: Content is protected !!