Oceanic Wind Energy Inc V.NKW.H

Sure quiet with the stock trading.

[BayWall]

People are still talking about the project. The below Riddit post covers economics and engineering. But First Nation participation and input is vital also. How can everything come together and make it better.

From Reddit website:

I extensively researched this for a paper at SFU, There are various reasons, particularly in BC, some might be Canada wide issues, and some might not be relevant anymore, but here you go:

• offshore turbine foundations are relatively more expensive compared to on shore(bulk of project expenditure), and complicated to construct especially in deeper waters with constant waves which is mostly the case in the Pacific

• turbine blades have unresolved environmental impact, however new blades with decomposing materials are emerging

• one major issue is electricity transmission, which the current BC Hydro network and the transmission stations are not designed for and therefore don’t accommodate accessibility to offshore wind and is costly to build, one reason the Haida Gwaii project was delayed many times was that the generated energy couldn’t get connected to the network

• Another major issue is BC Hydro’s monopoly over the network and service in general and the bureaucratic obstacles to change it

• Offshore are usually developed by the private sector or through shared partnership which if developed in mass will reduce Hydro’s revenue

• Not many complications regarding offshore environmental concerns yet, due to the lack of substantial data, regardless , the process of obtaining license is long and complicated especially in BC

• supply chain and construction chain is another issue, countries like the UK, Germany, Denmark and Sweden which have significant offshore farms, or China, South Korea and Japan, are in the proximity of each other which makes it easier for their supply chains to support and complete each other, aside from Canadas geography and massive size which itself is a consideration, Canada doesn’t have a well established offshore supply chain and neither a dedicated design, operation and maintenance sector for offshore wind yet, in fact Canada doesn’t have any operating and commissioned offshore farm yet…

• last one is geography, Canada’s massive size makes it more expensive and harder to complete the project, imagine the turbine blades need to be moved to Haida Gwaii (new blades are bigger than the wingspan of a 747) moving them needs special equipment, and it’s a long distance, or it requires a new creative and flexible method of engineering(non conventional) which increases the cost, with all this said it doesn’t mean Canada can’t catch up…

The offshore wind is an emerging sector of the global economy, predicted to employ 1 to 1.5 million people by 2035 globally, if I remember correctly, and now the offshore energy tech is becoming commercialized, there’s room for Canada and BC to grow, it just needs dedication and honest work.