Canadian government to lend $95m to giga-scale green hydrogen project mired in permitting queries , searching approvals
Posted: Sun Mar 03, 2024 12:09 am
Canadian government to lend $95m to giga-scale green hydrogen project mired in permitting queries and looking for environmental approval
Read more here:
https://www.cbc.ca/news/canada/newfound ... -1.7129862
https://www.hydrogeninsight.com/product ... -1-1605985
Even without environmental approval, N.L.'s 1st wind-to-hydrogen project seems to be full steam ahead
Lack of government signoff hasn't stopped World Energy from securing millions in funding and buying assets
A massive wind-to-hydrogen operation proposed for Newfoundland's west coast has not been officially given the go-ahead, but the project continues to gain traction.
If World Energy GH2's megaproject moves from potential to realization, it could prove to be the kickoff for Canada's foray into the growing global energy transition that officials say will be worth $1 trillion by 2040.
This week, World Energy's attempt to get Canada's first such project off the ground secured $128 million in federal public money through what's called a credit facility — essentially a line of credit for the company so it doesn't have to apply for new loans each time it needs money.
Read more here:
https://www.cbc.ca/news/canada/newfound ... -1.7129862
https://www.hydrogeninsight.com/product ... -1-1605985
Even without environmental approval, N.L.'s 1st wind-to-hydrogen project seems to be full steam ahead
Lack of government signoff hasn't stopped World Energy from securing millions in funding and buying assets
A massive wind-to-hydrogen operation proposed for Newfoundland's west coast has not been officially given the go-ahead, but the project continues to gain traction.
If World Energy GH2's megaproject moves from potential to realization, it could prove to be the kickoff for Canada's foray into the growing global energy transition that officials say will be worth $1 trillion by 2040.
This week, World Energy's attempt to get Canada's first such project off the ground secured $128 million in federal public money through what's called a credit facility — essentially a line of credit for the company so it doesn't have to apply for new loans each time it needs money.