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

China Evergrande faces another setback on its winding road to recovery

China Evergrande, one of China’s largest real estate developers, has encountered a significant setback in its efforts to manage its debt and restructure the company. Its flagship onshore unit, Hengda Real Estate Group, is currently under investigation by the Chinese securities regulator for suspected violations related to information disclosure.

China intends to support Africa’s industrialization

Chinese President Xi Jinping conveyed China’s commitment to supporting Africa’s industrialization and agricultural modernization during a meeting with African leaders on the sidelines of the BRICS summit. Xi emphasized China’s intention to leverage its resources and business initiatives to assist Africa in developing its manufacturing sector, achieving industrialization, and promoting economic diversification. However, specific details about the initiatives were not provided.

Russia’s Nornickel opens Dubai office

MMC Norilsk Nickel PJSC, the world’s largest refined nickel producer and palladium miner, has established an office in Dubai, becoming the largest Russian metals and mining company to set up in the United Arab Emirates. The move comes in the aftermath of the Kremlin’s war in Ukraine and amid increasing interest from Russian businesses in finding alternatives to navigate the challenges posed by international sanctions.

Stay informed