Jul 9, 2024
CWP Global has inked MoU with the Corner Brook Port Corporation (CPBC) to explore the potential for a green hydrogen hub in Canada. The Gwinya project aims to harness up to 5 GW of wind energy to produce green hydrogen and green iron, aligning with Canada’s and Newfoundland and Labrador’s economic and environmental goals. This project promises a sustainable path for economic growth and job creation.
Furthermore, the green hydrogen hub will include a hot briquetted iron plant at the Port of Corner Brook. It is expected to deliver long-term benefits to the region by stimulating local economic activity and generating new jobs and opportunities. The upcoming steps involve formally registering the project, starting the environmental assessment process, and conducting a feasibility study to evaluate various aspects of the proposed hub, such as infrastructure, logistics, and economic impacts.
In June 2024, McDermott secured an Early Contractor Involvement agreement from Abraxas Power Corporation for the Exploits Valley Renewable Energy Corporation project situated in Central Newfoundland, Canada.
The commercial green hydrogen and ammonia facility will comprise the development of a wind farm with up to 530 turbines capable of generating 3.5 GW of electricity, along with a 150 MW solar photovoltaic installation.