
An aerial view of a wind farm in Canada. (Source: Shutterstock)
Exploits Valley Renewable Energy Corp. (EVREC) has been granted an exclusive right to pursue development of a wind project through the government of Newfoundland and Labrador’s Crown land application and approval process.
EVREC received a wind application recommendation letter from the Ministry of industry, Energy and Technology of Newfoundland & Labrador in response to a bid submission for its P2X wind to green energy vector development, EVREC announced on Aug. 30.
EVREC proposed its project following the Crown lands call for wind energy projects. The proposal was assessed on the company’s experience, its financing plan and electricity and infrastructure requirements.
ESG assessments of the project were also a component, including community and indigenous interaction and the social and economic benefits the project would bring to the Newfoundland and Labrador and Central regions.
EVREC may also apply for additional Crown lands if required for the execution of the project, including the transmission corridor, pipeline corridor or limited access to roads to access corridors, buildings or wharves.
Recommended Reading
Crescent Energy Closes $905MM Acquisition in Central Eagle Ford
2025-01-31 - Crescent Energy’s cash-and-stock acquisition of Carnelian Energy Capital Management-backed Ridgemar Energy includes potential contingency payments of up to $170 million through 2027.
Petro-Victory Buys Oil Fields in Brazil’s Potiguar Basin
2025-02-10 - Petro-Victory Energy is growing its footprint in Brazil’s onshore Potiguar Basin with 13 new blocks, the company said Feb. 10.
Apollo Funds Acquires NatGas Treatment Provider Bold Production Services
2025-02-12 - Funds managed by Apollo Global Management Inc. have acquired a majority interest in Bold Production Services LLC, a provider of natural gas treatment solutions.
Report: Diamondback in Talks to Buy Double Eagle IV for ~$5B
2025-02-14 - Diamondback Energy is reportedly in talks to potentially buy fellow Permian producer Double Eagle IV. A deal could be valued at over $5 billion.
VAALCO Acquires 70% Interest in Offshore Côte D’Ivoire Block
2025-03-03 - Vaalco Energy announced a farm-in of CI-705 Block offshore West Africa, which it will operate under the terms of an acquisition agreement.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.