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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 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 Discussion

Oceanic Wind Energy Inc > Interesting times ahead
View:
Post by BayWall on May 13, 2024 9:43am

Interesting times ahead

It's difficult for offshore wind to compete with onshore strictly on price. So the company instead says- "It is clear the province will be looking for utility scale renewable energy projects that have peak production during the winter high demand period". (Oceanic Wind). Should be interesting how BC Hydro will handle this.
 
I don't know how a decentralized power generation or dedicated offtaker deals will be accepted by BC Hydro. However, as one comment had it on reddit.com--We need distributed production for resilience and reduced grid dependency.
 
Then there are those who wish to preserve the pristine nature of their land and waters. For cultural and other reasons.  The Cedar LNG was chosen over wind turbines for example.
 
Members of the Haisla Nation contend LNG is the most viable option when it comes to expanding their resource sector and preserving the land."There's a reason why my band did not go down the road of solar and wind," said Ellis Ross, the MLA for Skeena and the former chief councillor of the Haisla Nation.

"There's just too many unanswered questions, there's too much land impact."

The Canadian Press.March 16, 2023

 
If the offshore wind proposal wins, doesn't there have to be a vote on it? Seems like there may be a willingness to revisit the project. Based on tenure issued reason back 2021-download (gov.bc.ca)
 
Or maybe consider onshore projects instead, in other provinces if need be. It's been 20 years since offshore in BC was proposed. In any event, the upcoming months will be interesting.

 

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