Quebec $2.9B project would produce 70,000 tons annually by 2028, while the B.C. project, valued up to $7B, would be one of the largest Indigenous energy projects in Canada.
Siemens Gamesa said Portsmouth project would not meet “development milestones,” but sector participants seek new ways to keep land and water development moving forward.
The company, which says it must clear through pandemic and project-related claims and refinance its debt, also has announced a CEO succession, efffective in 2025.
Major wind developer, and others that include giant Equinor, predict millions in writedowns as first projects face tough economics, but proponents see a solid market that needs government attention to current obstacles.