Large sections of Crown land held for project development
| Posted: 3 minutes ago | Updated: 3 minutes ago | 5 Min Read
That’s whittled down significantly from the roughly 40 companies that showed interest at the start of the process. Large sections of Crown land are now held in reserve for those companies, which have 18 months to begin the Crown land application process. Meanwhile, the companies are required to pay the government fees on that land at 3.5 per cent of the market value of the reserves, equalling about $22 million annually in total for the four companies.According to provincial government estimates, over the lifetime of the four proposed projects — 35 to 40 years each — the estimated economic impact is $206.
Companies that weren’t successful in this round of bids can try again in the future when the government puts out another call for bids. ABO Wind is proposing a three-phase wind-energy project in the isthmus region to produce and export hydrogen/ammonia with Braya Renewable Fuels through the joint development of green hydrogen production at the Come By Chance refinery.
World Energy GH2 also issued a news release, saying this announcement propels the project on a path to become the first commercial-scale green hydrogen project in North America, and one of the first of its kind in the world.
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