The recent Government of Newfound announcement to remove the moritorium on wind power in the province comes as welcome news to Lucida Energy. Newfoundland boasts some of the most abundant wind resources in the world along with vast amounts of rural uninhabited land. Additionally the new grid enhancements opens the possibility to efficiently transport this electricity around and off the island.
This presents a tremendous opportunity to the people of Newfoundland to benefit directly and indirectly from cheap electricity.
The province has provided guidance on proposal submissions and Lucida Energy has already identified several promising sites to engage the province on.