Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 > Slow rolling
View:
Post by BayWall on Mar 25, 2024 10:57am

Slow rolling

One day before the annual meeting. How it's all going to work out is unclear. 

Who will be first? We hear of the Hecate project as  "flagship" offshore wind development. And on the other side of the country with another project and company:  "Pioneer" Canadian offshore wind farm announced in Halifax.

Offshore is expensive.The Nova Scotia project needs to earn $100/mwh. (Onshore wind only $53/mwh)

Still unclear what direction Oceanic is taking. I have posted scenarios of LNG, green hydrogen/ammonia, green fertilizer projects to reduce nitrous oxide emissions. I think the company is leaning towards green hydrogen. LNG would require reliable BC Hydro power 24 hours a day.

Also the Power Call max project size is 200MW. Green hydrogen needs at least 1000MW per project. Power from wind has to be sold through BC Hydro, but can a private deal be done or is electricity combined with hydro on the grid?

Other issues seek resolution. Maybe compensation for fishermen displaced by wind farms being discussed.

Over the years many proposals have been discussed for for offshore. But in the end, as 4C Offshore puts it: Canada has 35 offshore wind farm projects of which none currently operatingnone where construction has progressed enough to connect the turbines and generate electricity, none are in the build phase, and none are either consented or have applied for consent.







Canada has 35 offshore wind farm projects of which none currently operatingnone where construction has progressed enough to connect the turbines and generate electricity, none are in the build phase, and none are either consented or have applied for consent.
Be the first to comment on this post
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities