The Canadian federal government announced Wednesday an agreement to support the development of Canada's first commercial-scale green hydrogen and ammonia facility in Newfoundland and Labrador, APA reports.
Global Affairs Canada said in a news release that Export Development Canada and World Energy GH2 reached an agreement on terms for a 95-million-U.S.-dollar credit facility to support the development of Project Nujio'qonik.
The project, located on the west coast of Newfoundland and Labrador, will help put Atlantic Canada on the global stage as a leader in clean energy, advancing the commitments under the Canada-Germany Hydrogen Alliance, the release said.
Canada signed an agreement with Germany in August 2022 to work toward producing and shipping clean hydrogen products to Europe. The wind farm is expected to produce approximately 250,000 tons of hydrogen per year and then convert them to ammonia to be exported to Europe from 2026.
According to Global Affairs Canada, more than 90 clean-growth projects with a total value exceeding 40 billion Canadian dollars (29.5 billion U.S. dollars), including private investment, began over the past three years or will soon move forward into construction across Canada.
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