Exploits Valley Renewable Energy Corporation ("EVREC")
Project: Exploits Valley Renewable Energy Corporation (EVREC)
Technology: Onshore Wind, Long duration energy storage, Green Hydrogen and Ammonia generation.
Jobs created: 2000 jobs construction, 500 permanent jobs, 500+ indirect jobs through life of operation.
Unlocking the Potential of Renewable Energy In Central Newfoundland
A management team that has done it before and exited 2 renewable energy companies
Strategic partnerships that allow us to unlock the potential of the third phase of renewable development.
Cost effective Development
Using a network of global relationships to develop projects quickly and profitably.
Diversity & Future proofing
Develop a portfolio diversified by geography, scale, and technology.
At EVREC, we are committed to leading the Third Phase of Renewable Energy, generating renewable energy in areas with abundant natural resources, and implementing innovative ways and state-of-the-art technology to deliver it safely and economically to global consumption centres. Central Newfoundland is uniquely positioned, with a world-class wind resource, abundant fresh water supplies, deep-water ports, and low shipping costs to key European and American markets.
Positioned to become one of Canada’s first commercial green hydrogen and ammonia production facilities powered by wind energy, our project in Central Newfoundland utilizes state-of-the-art technology in wind electricity generation to power our green hydrogen and ammonia plants.
Reinvigorating and expanding existing infrastructure in the region, our project is uniquely positioned to produce export-ready, 100% green ammonia at globally competitive prices.
We are currently in the development stage of the project, with the wind measurement campaign and first ground surveys planned to start in the first half of 2023, construction planned to start by the end of 2025, and reach full operation by 2030.
This is a unique opportunity for investors to participate in a next-generation renewable energy project with global reach.
We are proud to be working with: