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Oceanic Wind Energy Inc V.NKW.H

Alternate Symbol(s):  NKWFF

Oceanic Wind Energy Inc. is a Canada-based renewable energy company. The Company's primary business is the development of renewable energy projects.


TSXV:NKW.H - Post by User

Bullboard Posts
Comment by trumpmasteron Apr 20, 2011 12:44am
356 Views
Post# 18458436

RE: RE: Adios!

RE: RE: Adios!This is from Mar 29th, I dont get why the downward pressure??


It looks like Canada is about ready to dive into the offshore wind energy business. In a statement released by NaiKun Wind Energy, the company has been given the green light to begin construction on a large-scale offshore, 396 megawatt capacity wind farm located off the northwest coast of British Columbia.

Before getting underway, Naikun Wind had to pass through several federal screening processes and make commitments that ensured there would be no detrimental environmental, social or health effects involved with the development, installation or operation of their project. Studies have been concluded and now Naikun will press forward with installations.

The offshore wind farm could involve as many as 110 turbines placed in Hecate Strait, between Haida Gwaii and Prince Rupert. It’s an area off the coast of British Columbia that Naikun Wind claims offers ideal wind conditions with average annual wind speeds at over 22 MPH. The company thinks that, once fully operational, the offshore wind facility will generate enough power to feed roughly 130,000 homes and displace approximately 450,000 tons of greenhouse gas emissions annually.

While the company has secured permits for a building area of 550 square kilometers (roughly 212 square miles) they estimate that the wind turbines will cover an area in the Strait of less than 100 square kilometers (about 38 square miles) when operational. Naikun, which is based in British Columbia, said as well the project will “result in at least 500 direct jobs during construction and 50 permanent jobs for maintenance and operations and over $400 million in direct expenditures in the province during construction, of which at least $250 million will benefit North Coast communities.”

By Caleb Denison (earthtechling)

https://www.offshorewind.biz/2011/03/29/naikun-wind-energy-receives-green-light-to-begin-construction-on-large-scale-offshore-canada/

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