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Bullboard - Stock Discussion Forum 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 Discussion

Oceanic Wind Energy Inc > Let's not miss this opportunity
View:
Post by Dibah42 on Sep 23, 2020 1:46pm

Let's not miss this opportunity

I reckon the upcoming speech from the throne will be rich in rhetoric for supporting renewables and public/private partnerships.  The Trudeau govt.  seems bent on spending their way out of this pandemic and there is nothing more attractive than investing in Canadian infrastructure coast to coast to coast.  There should be plenty of capital floating around specially if the big pension funds could be brought on board.
When I first invested in this co. many many moons ago the primary thing that attracted me was that management had done the necessary leg work to bring the Haida community on side.  I hope that is still the case today and attitudes have not changed.
With available capital and NPI expertise in large offshore wind projects I see clear skies ahead.
Perhaps BC Hydro would still be needed as a backup source but I also see promise in developing technology in battery/storage capacity.  In this matter another Canadian co. FTS is doing amazing things with solar/wind/storage in the heart of trumpland..Tucson, Arizona!
Let's move on this long awaited project. Gotta replace those diesel generators with something clean and reliable.
Cheers
Comment by sawtooth1 on Sep 23, 2020 3:14pm
Hate to take issue with your post Dibah42 but as I recall it was the COHN that scupperd this peoject. I would like to think that our new partners/owners have better contacts with both the COHN  & the various levels of Government to get this great green project off the ground/ocean. 
Comment by BayWall on Sep 23, 2020 8:18pm
Back on Jan 29, 2009--The Haida people support development that brings benefits of all kinds individual, commercial and environmental to Haida Gwaii and to the Haida Nation, said Guujaaw, President of the Haida Nation. We fully believe that, subject to confirmation of environmental feasibility, this offshore project will bring significant long-term benefits to the Haida Nation. For these reasons ...more  
Comment by BayWall on Sep 23, 2020 10:05pm
Then there is the Niakun Kiigawaay, a clan that claims Rose Spit as ancestral lands and object to the wind farm being on the most sacred site in Haida legend. (Elvis Davis a spokesman for the clan). "This sacred area should be protected under religious claims". Also concerns back in 2010 were expressed over a large debt-"it's a super gamble". (Roy Jones Jr. hereditary chief ...more  
Comment by BayWall on Sep 23, 2020 11:33pm
Yes, an opportunity to air all the concerns of the citizens. Placement of the wind-farm, financing, environmental issues, birds, etc. One report says 8 km offshore another 20 km. I think can get 30-35 km offshore according to one map and further south of Dogfish Bank. I'm not an expert on regional geography. And who will the electrical purchase agreement (EPA) be with? When voting took place ...more  
Comment by sawtooth1 on Sep 24, 2020 10:36am
As usual BayWall your take on the whole situation is clearly well thought out. As to the negotiations that will need to take place with both the CHN & other first nations with an interest in the project will need a skilled operator.One problem I see with moving the project further East is the cost of the proposed Haida Link . Still nice to see some renewed interest in the project. We have all ...more  
Comment by Dibah42 on Sep 25, 2020 9:11pm
BW: "The CHN can present their views, recommendations and options for the people to consider. If the people agree by voting, then the CHN gets the green light." Are you suggesting a HG community-wide referendum?  Was there one held when the project was scuppered?
Comment by BayWall on Sep 25, 2020 11:33pm
Back in 2010:Guujaaw: I will go with what the people say, but personally support it. We have looked at the best information we can and we can live with the environmental effects. I support it personally but in the end I will go with what the people decide. [If this project proceeds] we can now think about setting up an economy for our Islands. What is the voting process to accept or reject this ...more  
Comment by BayWall on Oct 01, 2020 12:21pm
Dibah. I don't know how the decision making framework which exists today. Maybe it has changed over 10 years and don't require a citizen's vote. CHN and hereditary chiefs agree on energy sovereignty by 2023. I think this is not possible without a major project. Even if dams were built on Haida Gwaii, part of the year, there will be a lack of water flow. To use diesel as backup is not ...more  
Comment by BayWall on Oct 02, 2020 8:40pm
Plan to produce fertilizers and other products made from natural gas in BC near Kitimat BC. Will need clean electricity.---https://www.haidagwaiiobserver.com/news/petrochemical-company-west-coast-olefins-looking-to-build-plant-near-kitimat/
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