For Immediate Release
March 6, 2024

econext is highlighting a recent agreement between World Energy GH2 and the Government of Canada as an important step in the growth of Newfoundland and Labrador’s clean energy industry.

“World Energy GH2’s Project Nujio’qonik aims to be Canada’s first commercial-scale green hydrogen facility,” said Kieran Hanley, CEO of econext. “This agreement helps to cement confidence in the extraordinary opportunity this province has around clean energy.”

Last week Export Development Canada (EDC), on behalf of the Government of Canada, and World Energy GH2 signed definitive agreements in connection with a CA$128M credit facility to support the development of of the project through to its financial close of its long-term financing.

“We applaud EDC for using the tools that it has at its disposal to support clean energy development in Newfoundland and Labrador,” said Hanley. “With supports like these, our province will solidify Canada’s position as a leading supplier of clean energy and technology to the world.”

The Government of Canada’s news release can be found here. World Energy GH2’s news release can be found here.

econext is an association that accelerates clean growth in Newfoundland and Labrador and works on behalf of over 200 members to foster environmentally sustainable economic development. More information can be found at https://econext.ca.

Media Contact
Kieran Hanley
kieran@econext.ca

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