Land for projects will be leased; fiscal framework still a work in progress
| Posted: 3 hours ago | Updated: 3 hours ago | 6 Min Read
Bids will be reviewed in an initial phase based on the company’s level of experience and financing arrangements, among other criteria. “We’re glad that they’re going with a lease process rather than a purchase process,” Brazil told reporters after the news conference.However, Brazil was disappointed the fiscal regime for royalties, taxes and community benefits is still under wraps.
World Energy GH2, a company headed by Nova Scotia businessman John Risley, got a head start earlier in the year, unveiling a proposal that would plant 164 turbines on the Port au Port Peninsula, taking up more than 40 per cent of the land mass in the first phase of a wind-to-hydrogen operation. “I’ve also heard some that are absolutely ridiculous and not based on any kind of semblance of reality,” he added.The amount of land available for wind projects has been winnowed down considerably since a map distributed in October showed 3.8 million hectares of land nominated for 73 possible projects proposed by 31 companies.
There is a limestone mine in the area. As well, some residents have reported the water supply in the area has turned muddy since survey work was undertaken by World Energy GH2 earlier in the fall. “We don’t know who’s going to build it. Where does the training come from? We don’t have an industry already here,” he said.
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