Project Description

This remarkable offshore wind resource can support B.C.’s commitment to develop clean, renewable, made-in-B.C. electricity and can significantly contribute to meeting our growing energy needs.

Wind energy is a key part of the global shift to increase use of renewable energy and this project can help reduce our provincial and national greenhouse gas emissions.

The completed project will result in the long-term investment in the communities of the north coast and provide lasting benefits. In addition to employment during the construction phase, there will be many long-term career positions related to the operations and maintenance of the project.

Cost-Effective

Significant improvements in technology have resulted in a substantial reduction in the cost of power from the project. With power production 97 percent of the time, a gross capacity factor of greater than 60%, and with many years of wind data showing 10 metres per second average wind speed, the project is poised to be a cost-effective and reliable addition to the province’s electricity system.

Much of the Early Work Has Been Completed

Construction can begin within two years of power purchase agreement. The construction period has been substantially reduced with advances in technology and engineering, resulting in lower construction costs and facilitating power up projects faster. A 400MW project would only require 33 wind turbines; a reduction of nearly 80 turbines from a decade ago.

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Oceanic Wind Energy Inc. (“Oceanic”) have taken reasonable care in preparing and publishing on a regular basis information on this website. The information is not a substitute for detailed investigation or analysis on any particular issue and may not always be current. The materials on Oceanic’s Internet site are provided “as is.” Oceanic does not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials on its Internet site or otherwise relating to such materials or on any sites linked to these sites.

This website may contain forward-looking statements about Oceanic and its future plans within the meaning of applicable securities laws. Forward-looking information may relate to the Corporation’s future outlook and anticipated events or results. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts. These statements are based on certain factors and assumptions regarding expected growth, results of operations, performance and business prospects and opportunities. While the Corporation considers these assumptions to be reasonable as of the current date based on information currently available to it, they may prove to be incorrect. Forward looking-information is also subject to certain factors, including risks and uncertainties, that could cause actual results to differ materially from what the Corporation currently expects and there can be no assurance that such statements will prove to be accurate. Readers are cautioned not to place undue reliance on forward-looking information. By its nature, forward-looking information involves numerous assumptions, risks and uncertainties and other factors that contribute to the possibility that the predicted outcome will not occur. Readers should not rely upon forward-looking information as of any other date. The Corporation is not under any obligation and does not undertake to update this information at any particular time and assumes no obligation to update or revise forward-looking statements should circumstances or management’s estimates or opinions change.