NaiKun Wind Energy Group Inc (CVE:NKW) seems to have found a new partner for its planned offshore wind project on the northwestern coast of British Columbia, Canada.
The company said on Wednesday it has signed an indicative offer with a “major” offshore wind player to develop the wind resource in Hecate Strait, within the traditional territory of the Haida Nation. The two parties are currently negotiating a definitive agreement.
“After months of work and lengthy engagements with numerous offshore wind companies, we are very pleased to be making this step to see the project move forward into a significant development phase,” commented Michael O’Connor, president and CEO of NaiKun.
The company teamed up with sector major Ørsted A/S (CPH:ORSTED) two years ago with the goal of developing the project, but the Danish group abandoned the plan in October 2018. Since then, NaiKun has been looking for a new partner.
According to its website, the project has provincial and federal regulatory approvals for a capacity of 400 MW.