Firstly, Prime Minister Justin Trudeau and German Chancellor Olaf Scholz will sign a green energy agreement this month in Newfoundland.
Secondly, the German government on Friday issued a statement confirming the agreement will be signed on Aug. 23 in Stephenville.
In the region, a Newfoundland-based company plans to build a zero-emission plant. It will use wind energy to produce hydrogen and ammonia for export.
New energy sources
Germany is looking for new sources of energy. Russia’s invasion of Ukraine has led to a surge in natural gas prices. As well, Russia has reduced its flow of natural gas to its European customers, prompting concerns about supply shortages.
Also, World Energy GH2 is begining the first phase for building up to 164 onshore wind turbines. They will power a hydrogen production facility at the deepsea port at Stephenville.
Additionally, behind the project is CFFI Ventures Inc., led by Nova Scotia-based billionaire John Risley; who is co-founder of Clearwater Seafoods.
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Stephenville
It is an ideal place for a wind farm because the area is known for having a world-class “wind corridor.” The town has the means to produce the large amounts of water needed for hydrogen production because heavy-duty infrastructure remains in place from the Abitibi-Price paper mill that closed in 2005.
Moreover, the multibillion-dollar project was registered with the province in June and now requires an environmental impact statement. In its proposal, World Energy GH2 says it is on the cutting edge of a new, green industry.
The development of large-scale green hydrogen production facilities is just starting, providing [Newfoundland and Labrador] and Canada with the opportunity and advantages of being a first mover in the green energy sector.
Finally, the company points out that the vast majority of existing hydrogen production relies on natural gas or coal for its electricity, which means it produces unwanted carbon emissions.
