Newfoundland hydrogen project gets $128M loan in ‘signature moment’ for Canadian renewable electricity ...Middle East

The federal export credit agency has agreed to lend millions of dollars to a second green hydrogen project in Atlantic Canada. Export Development Canada and World Energy GH2 say they have reached an agreement for a $128-million credit facility, a business loan similar to a line of credit. The loan comes about two months after a similar agreement to provide $166 million to Everwind Fuels in Nova Scotia. Both projects are trying to stake a claim as Canada’s most advanced green hydrogen plant, though neither has an in-service date on the table yet. Canada signed an agreement with Germany in August 2022 to work toward producing and shipping clean hydrogen to Europe. But Canad

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Newfoundland hydrogen project gets $128M loan in ‘signature moment’ for Canadian renewable electricity ...Middle East

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