TSXV:NKW.H - Post by User
Post by
BayWallon Nov 15, 2022 10:44am
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Post# 35099794
The reason
The reason...this story is on this forum is that I feel that if a large green hydrogen facility is being contemplated, hydro will only be able to supply part of the electricity. Electrification of new LNG plants will take hydro power. Only a single 600km transmission line is into the Prince Rupert area and that's almost at capacity.
Onshore wind farms could be built but will require a lot of turbines.
Offshore windfarms with 15MW turbines could play a role.
Maybe a combo of all three renewable energy sources will be the best fit.
BC Hydro could build a second transmission line. But it would take nearly a decade to approve and cost billions.
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Northland's wind project at the moment is the only large scale project in the region that can meet demand. Most future developments in the NW region of BC will depend extensively on renewable power sources. Providing electricity locally is by far the most practical and cost-effective alternative for the fast growing commercial and industrial demand in the region. (Oceanic's MD&A)
It's reasonable to assume Pattern Energy will talk to Northland and the Haida to get their views. It has to make business sense, as a lot of competition for green hydrogen customers will shape up. Large green hydrogen projects will be coming on stream around the world.
Northland may not be involved directly in hydrogen production, but in supplying electricity only.
Anyway time will tell.