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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 May 14, 2024 4:31am
99 Views
Post# 36038087

Federal Investment tax credit still not approved?

Federal Investment tax credit still not approved?

From BC Hydro's website:


Does BC Hydro have any guidelines for how bidders should take the proposed federal government's Investment Tax Credit (ITC) program into consideration in developing their bid price?

In other words, are Proponents able to bid on a project with two bid prices, i.e., one bid price that is conditional on the federal government's ITC being approved and one bid price that applies in the event of the ITC not proceeding?

BC Hydro is not able to provide guidance on how Proponents should formulate their bids in consideration of the Investment Tax Credit. In accordance with the RFP, Proponents must submit a single bid price for their proposal.

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