Abraxas Power Corp. is making strides with its Exploits Valley Renewable Energy Corporation (EVREC) green hydrogen and ammonia plant in Newfoundland. The company secured a 30-year lease at the Port of Botwood to facilitate exports to Europe. The project, led by Abraxas Power's president Dean Comand, involves a wind farm with 530 turbines generating 3.5 GW of electricity. The plant aims to produce 165 kilotonnes of green hydrogen and 5,000 tonnes of ammonia per day for the export market. Funding of $12 billion is being raised through debt, equity, and Canadian government support. The choice of Newfoundland was strategic, considering wind resources and shipping lane proximity. McDermott is heavily involved in the project's engineering and construction planning. Abraxas envisions EVREC as a key step in its renewable energy strategy, aiming to establish a foothold in the sector globally.