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

European wind sector showing signs of recovery

The wind industry in Europe has been facing a series of challenges, including soaring raw material prices, higher borrowing costs, and persistent supply-chain issues. However, Vestas Wind Systems A/S recently reported a significant increase in orders and raised its outlook, providing…

Tokyo, Washington plot alliance grade rare earths inside Japan’s EEZ

Tokyo and Washington are turning a cartographic speck in the western Pacific into a strategic test bed for supply chain resilience. Prime Minister Sanae Takaichi says the two allies will jointly study whether Japan can lift rare earth-rich mud from around Minamitori Island, an isolated atoll 1,900 kilometers southeast of Tokyo and well inside Japan’s exclusive economic zone, and do so at abyssal depths that push current technology.

The plan is staged: a feasibility campaign in January to verify whether mud can be raised reliably from roughly 6,000 meters, followed by a larger trial that, if the early engineering holds, would target pre-commercial operations later in the decade. The political scaffolding is already in place.

Shell to conclude century-long onshore operations in Nigeria with $2.4 billion sale

Shell is poised to conclude its onshore oil and gas operations in Nigeria after agreeing to sell its subsidiary, The Shell Petroleum Development Company of Nigeria Limited (SPDC), to a consortium of five mostly local companies for up to $2.4 billion. This marks the end of nearly a century…

Stay informed

error: Content is protected !!