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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 with a focus on an offshore wind energy project. The Company's primary business is the development of renewable energy projects. It has been developing an offshore wind project on the north coast of British Columbia in Hecate Strait.


TSXV:NKW.H - Post by User

Post by BayWallon Sep 16, 2022 9:35am
136 Views
Post# 34966567

Questions and reflections

Questions and reflections
Back in 2010 the wind project was voted down. What has changed since to have some optimism?  Yes in an isolated part of Hecate Strait, but still close to the sacred site at Rose Spit. Also back then, financial risk was mentioned.
 
The windfarm proposal came up for discussion again. Not the 110 turbines as back in 2010, but say 25-30 if 15MW turbines are used at a lower total cost also. 
 
A bit curious, but given all the years that have since passed, not even a hint that an EPA with BC Hydro can be signed in the near future.
 
Here is a research report cover page by a UBC student.
 
 
I don't know what will be discussed at the annual meeting in October, nor why Northland is involved with the project when DONG (Ostred) left in 2018 saying: -Since the formation of the partnership in September of 2017, progress has been made in the development of the project, but it is still in the development phase in a less mature market compared to others like the U.S. east coast” said Thomas Brostrom, President of rsted North America.
 
All things considered, there appears to be initiative with the windfarm proposal. Maybe some concerns can be accommodated. While others don't want any offshore windfarms at all in the province.
 
Wave technology and floating windfarms are still in their infancy and are expensive. Also have to be competitive with BC Hydro.
 
From a business perspective someone has to want the energy. Maybe green hydrogen/ammonia/fertilizer production, but not using precious hydro power. 
 
Maybe theren also is an opportunity for future participation (silent partner) by Oceanic in East Coast (Nova Scotia) windfarm development with Northland. Time will tell.
 
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