Prime Minister Justin Trudeau and German Chancellor Olaf Scholz are set to sign a green energy agreement later this month in Newfoundland that could prove pivotal to Canada’s nascent hydrogen industry.
The German government on Friday issued a statement confirming the agreement will be signed Aug. 23 in Stephenville, where a Newfoundland-based company plans to build a zero-emission plant that will use wind energy to produce hydrogen and amonia for export.
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Germany’s Chancellor to visit Canada, discuss partnership opportunities: PMO
If approved, the project would be the first of its kind in Canada.Germany is keen to find new sources of energy because Russia’s invasion of Ukraine has led to a surge in natural gas prices. As well, Russia has reduced its flow of natural gas to its European customers, prompting concerns about supply…