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World Energy GH2 | Project Nujio’qonik

Canada
Greenfield

Overview

Status
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Greenfield
Region
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North America
Geography
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Canada
State
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Newfoundland and Labrador
Equity Owner
-
Proponent
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World Energy GH2 Inc. (CFFI Ventures, Horizon Maritime, World Energy, DOB Academy)
Output
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Green ammonia
Green hydrogen
Type of electricty
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1 GW wind (phase 1)
Capacity
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600 MW (phase 1) 1,200 MW - 206,000 metric tonnes of green hydrogen (equivalent to approximately 1.17 Mt of ammonia)
Financing
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Export Development Canada CA$128M ($95M) credit facility
Technology
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PEM electrolysis
Technical Advisors
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Arup, DNV (wind energy technical advisor); Haldor Topsoe (design)
Advisors
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Green Giraffe (project finance), RBC Capital Markets (project finance) on behalf of World Energy GH2
Project Contact
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John MacIsaac
Lawyers
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McCarthy Tétrault (World Energy GH2), McInnes Cooper (World Energy GH2), Norton Rose Fulbright Canada LLP, Stewart McKelvey (transaction legal advisors)
Project Cost
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$5BN phase 1 – CAD 12 billion total
Offtaker
-
Commercial Operations Date
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First hydrogen planned for 2Q24, with full production achieved by end of Q325.
Decommission Date
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FID
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March, 2025

Description

The project involves the development of a green hydrogen/ammonia production facility, created from 1 GW of renewable energy located on the Port au Port Peninsula. Future expansion includes potential to create up to 3 GW of renewable electricity through the addition of further onshore wind farms.

The project was initially expected to produce the first green hydrogen by the end of Q2 2024, but has been delayed. The overall development plan (including future phases) includes three phases. The CBC reported that the total cost of the project is estimated at $12bn.

This includes a 0.5 GW hydrogen facility at the Port of Stephenville, up to 164 turbines generating 1 GW of wind power (with a likely maximum hub height of 121m, plus a rotor diameter of 158 m, for a likely total maximum height of 200 m) and associated transmission and supporting infrastructure.

Approximately 80% of the hydrogen produced will be used to produce ammonia, with most of the ammonia delivered to existing marine export facilities at the Port by pipelines placed underground or on pipe racks. From there, ammonia will be transported globally by dedicated ammonia carriers and by standard LPG capable vessels.

In October, 2023, the Newfoundland and Labrador Ministry of Environment and Climate Change deemed that the environmental impact statement submitted by the company was deemed to be deficient. An executive at the company told Reuters in December that the project would be delayed due to the inability of offtakers to handle the product.

In May, 2023, the company closed a deal under which SK ecoplant is initially investing $50m in Project Nujio’qonik, acquiring a 20 per cent stake in World Energy GH2 Limited Partnership.

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