Prairie Clean Energy

[AlbertaFarmer5]

Manitoba Hydro's 2022-March 31/2023 annual report states the following:
(millions of dollars)

Revenues
Manitoba 1 934
Extraprovincial 1 131

Expenses 2 622 2

Net income (loss) before net movement in regulatory balances 443
Net movement in regulatory balances 147

Net income (loss) 590

Exactly. Cheap, reliable, profitable, predictable, environmentally friendly. It gives Manitoba the ability to sell power to jurisdictions with wind and solar at extortionate rates. And absorb their excess for pennies on the dollar. In fact, the precedent in other parts of the world, is that Manitoba will be paid to take the excess generation from wind and solar.
So why is Chuck cheering for Manitoba hydro planning to install vastly more expensive wind and solar?
Why would they kill the Golden goose, and who do you think will inevitably pay for it?
As a Manitoba taxpayer and consumer, What is your opinion of this?

[foragefarmer]

I'm not sure how much hydro capacity AB or SK geography allows.

Well cleanup is many times costlier than necessary because of over regulation and corporate pork barreling. 1 shovel hand to 3 consultants. 4" of paper for a 50 yr old dry hole cap.

So your government uses your tax dollars to clean up the mess left by a resource, while our government uses our tax dollars to create a renewable resource.

Yes, I know Manitoba is a have not province so we are using some your dollars to get the resource operational.

But, it is a better use.

[AlbertaFarmer5]

So as it turns out, green hydrogen in Germany isn't economic:

https://wattsupwiththat.com/2023/11/22/north-german-green-hydrogen-project-halted-due-to-lack-of-economy-major-economic-risks/

But building it off shore in Canada, then shipping across the ocean to Germany will make it economical.

Doesn't Chuck keep telling us that hydrogen is the future?

Remember back when our economically and scientifically challenged prime minister told Germany that there was no business case for exporting natural gas. But we would export hydrogen for them instead?

That's still not working out very well.
Turns out there is no demand, no supply, and no infrastructure in the middle. Other than that it's working out exactly as expected.

https://www.theglobeandmail.com/business/article-canada-germany-green-hydrogen-export/

[chuckChuck]

Natural gas exports to Germany aren't going to do well in the long run.


‘Hype’ meets reality as Canada’s plans to export hydrogen to Germany stall

[url]https://www.theglobeandmail.com/business/article-canada-germany-green-hydrogen-export/[/url]

"In July, Karina Häuslmeier, deputy head of mission at the German embassy in Ottawa, told journalists that imports of gas to Germany are projected to drop by 30 per cent by the end of this decade and almost completely disappear by 2050. In late September, Germany’s special envoy for international climate policy, Jennifer Morgan, echoed that German and European demand would fall in the coming decades, in line with Europe’s 2045 net-zero goals."

Canada’s efforts to establish a green hydrogen supply chain with European countries are being delayed by a supply-demand mismatch and the largest wave of global inflation in decades, hurdles that will see it fail in its goal to export hydrogen to Germany by 2025.

Canada and Germany first signed a memorandum of understanding ([url]https://www.theglobeandmail.com/politics/article-canada-signs-deal-with-germany-to-export-hydrogen-to-europe-by-2025/[/url]) to develop a transatlantic green hydrogen corridor in 2022, as Germany looked to cut its dependence on fossil fuels imported from Russia and decarbonize its heavy industries. But just months before the end of the 2024, no green hydrogen facilities in Atlantic Canada have been completed, financial terms with German companies remain elusive and infrastructure in Europe is far from ready.

The sobering reality of the green hydrogen deal belies the challenge of balancing large-scale infrastructure investments and meagre current demand, a chicken-and-egg problem that’s common with nascent technologies – one that is delaying hydrogen timelines globally.

Without an attractive price and the necessary infrastructure, German offtakers – end users – aren’t ready to sign deals with Canadian firms. But offtake agreements are crucial to demonstrate project viability to investors; without them, Canadian producers, who have high upfront costs, can’t secure final investment decisions and start production. Meanwhile, German pipeline builders, which will finance construction with user fees, won’t start building until these deals are in place.

In a statement, Natural Resources Canada spokesperson Michael MacDonald said the 2025 goal was “ambitious.” The first shipments will be “close to the original 2025 target,” he said, without providing a specific year. Canadian projects are at a range of planning phases, with some having started construction, he added.

“The aim is still to have the first shipments happen in the mid-2020s, probably around 2026, 2027 or 2028,” said Jens Honnen, an energy policy adviser at German consultancy Adelphi. Mr. Honnen is leading the implementation of the German-Canadian energy partnership on behalf of the German Ministry for Economic Affairs and Climate Action.

There are about 10 promising production projects in the Atlantic provinces, but none have secured a final investment decision yet, Mr. Honnen said.

[AlbertaFarmer5]

imports of gas to Germany are projected to drop by 30 per cent by the end of this decade and almost completely disappear by 2050.

That is a bold prediction.
Predicting that Germany will be completely deindustrialized by 2050 due to expensive renewable energy.

Personally, I also think betting on exporting LNG to Germany isn't viable long term.

Because it is inevitable that they will return to Russian gas as soon as possible. Their economic future literally depends on it.