Partnership to develop wind-powered hydrogen and ammonia project

Deal Analysis

World Energy GH2 has partnered with CFFI Ventures and Hydrogen Power Corp to develop a wind-powered hydrogen and ammonia project in Canada. This partnership brings together World Energy GH2's project development capabilities with CFFI Ventures' investment expertise and Hydrogen Power Corp's renewable energy development focus, specifically in green hydrogen and battery storage. The project aims to leverage wind energy to produce hydrogen and ammonia, potentially contributing to the growing demand for clean energy sources. While the financial details and specific project stage remain undisclosed, the involvement of established players like Hydrogen Power Corp and the backing of CFFI Ventures, led by John Risley, suggest a potentially significant undertaking in the renewable energy sector.

Partnership between World Energy GH2, CFFI Ventures, and Hydrogen Power Corp.
Focus on wind-powered hydrogen and ammonia production.
Location in Canada, a region with significant renewable energy potential.
Involvement of CFFI Ventures, an investment firm led by seafood magnate John Risley.

Market Context: The hydrogen sector is experiencing rapid growth, driven by increasing demand for clean energy and decarbonization efforts. Canada is actively pursuing hydrogen production and export opportunities, making this project strategically aligned with national energy goals.

Source Intelligence

KEY DETAILS

The Newfoundland and Labrador government is owed more than $34 million in land reserve fees by several companies. The government has been holding Crown land in reserve for six companies aiming to launch green hydrogen energy projects. The companies were charged reserve fees worth 3.5 per cent of the land’s market value, billed every three months. The government is not renewing those reserves for three companies: World Energy GH2, EverWind, and Toqlukuti’k Wind and Hydrogen Ltd.

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Deal Size

The Newfoundland and Labrador government says it is owed more than $34 million in land reserve fees by several companies that had hoped to build wind-powered hydrogen and ammonia operations in the province.

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Location

Canadian Prime Minister Justin Trudeau looks on as German Chancellor Olaf Scholz responds to a question on Tuesday, Aug. 23, 2022 in Stephenville, Newfoundland and Labrador.

PARTIES MENTIONED IN SOURCE

W

World Energy GH2 developer

"World Energy GH2 pitched its wind-powered hydrogen and ammonia project in partnership with CFFI Ventures, an investment firm run by seafood magnate John Risley."

C

CFFI Ventures investor

"World Energy GH2 pitched its wind-powered hydrogen and ammonia project in partnership with CFFI Ventures, an investment firm run by seafood magnate John Risley."

E

EverWind developer

"Parrott said the government is not renewing those reserves for three companies: World Energy GH2, EverWind, and Toqlukuti’k Wind and Hydrogen Ltd., which is a partnership between ABO Energy and Copenhagen Infrastructure Partners."

T

Toqlukuti’k Wind and Hydrogen Ltd. developer

"Parrott said the government is not renewing those reserves for three companies: World Energy GH2, EverWind, and Toqlukuti’k Wind and Hydrogen Ltd., which is a partnership between ABO Energy and Copenhagen Infrastructure Partners."

A

ABO Energy developer

"Parrott said the government is not renewing those reserves for three companies: World Energy GH2, EverWind, and Toqlukuti’k Wind and Hydrogen Ltd., which is a partnership between ABO Energy and Copenhagen Infrastructure Partners."

C

Copenhagen Infrastructure Partners investor

"Parrott said the government is not renewing those reserves for three companies: World Energy GH2, EverWind, and Toqlukuti’k Wind and Hydrogen Ltd., which is a partnership between ABO Energy and Copenhagen Infrastructure Partners."

E

Exploits Valley Renewable Energy Corporation developer

"The province has extended the Crown land reserve for the Exploits Valley Renewable Energy Corporation, or EVREC, which has paid its fees, the release said."

N

North Atlantic developer

"It also renewed the reserve for North Atlantic, which aims to deliver its first shipments of hydrogen to Europe in 2030."

P

Pattern Energy developer

"Pattern Energy withdrew its plans last year for a wind-powered hydrogen and ammonia plant along the southwest coast of Newfoundland’s Avalon Peninsula."

medium quality Enriched Feb 24, 2026