EVREC Crown lands wind reserve extended to February 2027 as project advances in Central Newfoundland

The Government of Newfoundland and Labrador extended EVREC's Crown lands wind reserve to February 28, 2027 after a provincial review. EVREC says it has met the province's wind-hydrogen framework requirements and is advancing permitting, commercial agreements, engineering and stakeholder engagement.

Exploits Valley Renewable Energy Corporation (EVREC) announced that the Government of Newfoundland and Labrador extended its Crown lands wind reserve to February 28, 2027. The extension follows a provincial review under the province's wind-hydrogen framework. EVREC stated it has met all framework requirements, including payment of Crown lands reserve fees. The company is developing a large-scale wind-to-green hydrogen and ammonia project in Central Newfoundland and cited ongoing collaboration with local and Indigenous partners. Key details: - The Crown lands wind reserve extension runs to February 28, 2027, as announced by EVREC. - EVREC reported it met the Province's wind-hydrogen framework requirements, including reserve fee payments. - Company statements included remarks from CEO Ahmad Khaleeq and President J Colter Eadie noting provincial oversight and local partnerships. - EVREC listed near-term project milestones: finalizing the Environmental Impact Statement for submission, securing offtake agreements in the European RFNBO market, and advancing Front-End Engineering and Design (FEED). - The project is a partnership between Abraxas Power Corp. and EDF Power Solutions and aims to produce one million tonnes of green ammonia per year using Central Newfoundland wind resources and the Port of Botwood. Summary: The extension maintains EVREC's access to the Crown lands reserve while the project proceeds through regulatory, commercial and engineering stages. Next steps cited by the company include completing and submitting the Environmental Impact Statement, pursuing strategic offtake agreements in the European RFNBO market, and moving FEED toward completion; the timeline for final project approval was not stated.