NaiKun, which provides for no shortage of press releases of late, has outlined yet another update on its progress to harness the winds of the North Coast.
This one heralding the signing of a memorandum of understanding with the Prince Rupert Port Authority, which will provide for the logistical concerns over construction phase of the offshore wind energy projects planned by the corporation.
The agreement covers the areas where its submarine cable will meet the shoreline at Ridley Island, where the transmission cables are expected to come ashore transferring power from the Queen Charlotte Islands wind farms into the BC electrical grid.
The press release also outlines how the agreement will provide NaiKun Wind "with the opportunity to develop an area for a facility for sub-assembly of wind-turbine generators and other equipment related to its project."
The project is a much anticipated one for the north coast, as it has the promise of providing for some construction and operational jobs in the area, though no firm time table seems to be in place at the moment for the pace of the development.
It will be interesting to watch and see if the progress of this development could be facing many of the same concerns as other wind energy projects around the world, many of which have had to slow their pace of development in the wake of the ongoing financial problems of the capital markets these days.