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World Energy GH2 signs definitive agreement with Government of Canada to develop US$95M green hydrogen project

Date Closed

February 22, 2024

Lead Office



95.00 Million USD

On February 28, 2024, World Energy GH2 ("World Energy") and Export Development Canada, on behalf of the Government of Canada, signed definitive agreements to finance the Project Nujio'qonik, a clean power generation and clean hydrogen production project, through a US$95 million credit facility. Once complete, Project Nujio'qonik will have the capacity to produce 210 thousand tonnes of green hydrogen and 1.2 million tonnes of green ammonia, and will become Canada's first commercial Green Hydrogen plant.

World Energy, headquartered in St. John's, Newfoundland and Labrador, is a company that uses wind power to produce Green Hydrogen.

McCarthy Tétrault advised World Energy with a team led by David Lever and Stephen Furlan that included Zach Masoud, Kerri Lui, Mitchell Lui and Jennifer Sun (Secured Lending & Project Finance).