I want things to be clear: Under Bill C‑49, a developer with a wind project and a clean hydrogen project would receive both tax credits. Is that your understanding as well?
Primarily, it gives me the impression that offshore wind projects are mainly set up to manufacture hydrogen. I'm giving you this example because, back home, if we don’t have access to Hydro-Québec's infrastructure, the wind project won't be profitable. What costs a lot is all the infrastructure, such as the power lines. What developers are interested in is access to that. They want to build wind projects, but they also want access to Hydro-Québec infrastructure if they want to sell their energy.
As I understand it, under the bill, Newfoundland and Labrador does not intend to build the infrastructure, but to manufacture wind turbines with a view to subsequently producing hydrogen. The province doesn't have the necessary infrastructure, and it's very expensive.
Is my analysis correct?