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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

Comment by BayWallon Oct 17, 2020 1:29pm
44 Views
Post# 31734552

RE:Lots of hope

RE:Lots of hopeAmazing what solar power can do and by the same token wind power. October 5, 2020.-A crucial and historic steel mill in Pueblo, Colorado, will be the first in North America to rely on solar power, according to Skip Herald, the CEO of steel and mining company Evraz North America. The 300 MW Bighorn Solar Project, developed by Lightsource BP and located on mill company land, just closed on a $285 million financing package. Xcel Energy, as the power provider for the steel mill, will purchase the power generated by the solar farm under a long-term contract with Lightsource BP. Its the largest on-site industrial solar facility, according to the developer. The deal on the solar project was made last year after Evraz, Xcels largest power buyer in Colorado, threatened to move out of state without assurances of low electricity rates, as per reporting in the Denver Post. Kevin Smith, CEO of the Americas for Lightsource, said: The more than 700,000 solar panels can provide 90% of the plants energy needs at peak production and 95% of the mills annual energy demand, according to other reports. The plant will turn recycled scrap metal into clean steel, including the most sustainable rail in the world, according to Herald. Evraz is a Russian-owned steel and mining conglomerate.
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