Energy Development Potential
for the Southwest Coast

There has been a great deal of conversation to date on wind and hydrogen energy for the
province. A lot of news has been generated in the Stephenville area with plans from companies
interested in energy development. As a result, the provincial government recently announced
plans to open crown land for development by interested parties. The provincial government
provided terms of reference for any company who may be interested in development, with
a submission deadline of October 1, 2022.
The Town of Channel-Port aux Basques has recently been approached by a number of
companies expressing interest in the southwest coast for development of energy projects.
While Stephenville has been in the forefront of discussions to date, members of the Town
of Channel-Port aux Basques council, staff and provincial counterparts have been working
earnestly to ensure that the region is prominent in any company’s plans for the province.
One of the most promising and respected companies to review the southwest coast is
Fortescue Future Industries (FFI). The company is from Perth, Western Australia and is a global
green energy company operating in more than 25 countries that are building a portfolio of
renewable hydropower, geothermal, wind and solar assets globally. Their projects include
Green Hydrogen, Green Ammonia and Geothermal Energy.
FFI has been surveying investment opportunities around the world, and Canada has emerged
as a country of special interest, specifically Newfoundland, and even more specifically, the west
coast of the island. FFI has spent the past year conducting feasibility and engineering studies
and recently spent some time in Port aux Basques to get a feel for the community. Based on
that visit, FFI has filed a registration for an Environmental Assessment for a proposed green
hydrogen production and export development in the area of Channel-Port aux Basques.
The company plans to hold an information session in the area on August 18 to field any questions
or concerns from area residents.
Most recently, the town has become aware that German Chancellor Olaf Scholz, Prime Minister
Justin Trudeau and a number of other dignitaries will be travelling to Stephenville to meet with
energy companies, including FFI. The world demand for green energy projects is pushing the
province to the forefront of the world stage for energy development.
The Environmental Assessment project proposal, call Project Lynx, submitted by FFI includes
an electrolysis and green ammonia production plant with hydrogen storage, liquid ammonia
marine export terminal and wind power generation facilities. This would be an enormous
boost to the local economy creating upwards of two thousand jobs, not to mention the spinoff
opportunities in real estate, construction, hospitality, etc. Mayor Button and members of
council strongly support Fortescue Future Industries plans to create a leading edge green
hydrogen industry in Newfoundland and Labrador.