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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

Post by BayWallon Apr 03, 2024 9:08am
84 Views
Post# 35967227

Renewable energy projects

Renewable energy projects

The Tyee (March 27, 2024)

In June, BC Hydro made its first call to purchase new renewable electricity in over six years, with a focus on big renewable projects — particularly wind — located near the biggest population centres and energy draws.

Whether this new renewable electricity can fill the void remains to be seen. Much depends on how fast B.C. residents electrify their homes, vehicles and industries. 

If it’s approved, the second phase of LNG Canada would use 90 per cent of the power from the province’s new Site C dam alone. Four additional LNG projects are proposed for the province, which, if approved, would also draw huge amounts of electricity.

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The above came from the link below. What caught my eye "renewable projects located near biggest energy draws".  Add in a preference by BC Hydro for suppliers to provide electricity during winter months and will offer premium prices for that electricity. An offshore proposal would meet the criterion.

But to be fair, would still have to consider other projects in the province which would benefit local communities.

A shocker is the size of Phase 2  LNG Canada and it's potential electrical demand.  Four other LNG projects are being proposed.

Interesting days and years ahead.

Zo Yunker (@zoeyunker.bsky.social) — Bluesky

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