One of the most sort sectors to invest in include the renewable energy sector. Why not when the globe is successfully transitioning to clean energy. Suppose you are observant, especially in the market trends, you are aware of the high demand and popularity of clean energy as various nations work on decarbonizing themselves. Cleaning the environment and dealing with climate changes is a universal goal explaining why many countries are set to do their part in ensuring the planet is safe to live. Different companies have joined joint ventures in the last few years as they explore the renewable energy field.
Nunavik joint-venture firm has recently made a bold move and taken the first steps to becoming a renewable energy producer after four years since its founding. In 2017, Federation des Cooperatives and Makivik Corp joined hands in working on the Tarquti Energy project, intending to help the region reduce its dependence on fossil fuels energy. What is Tarquti? It is a valuable high-tech tool for tending to a qulliq.
The company is currently launching the first initiative by studying wind power in five regions and their feasibility. Suppose things go according to the team’s plan. Tarquti will put up weather masts this summer to gather wind data in several areas, including Kuujjuaq, Kangiqsujuaq, Puvirnituq, Quaqtaq, and Salluit. Some of these areas have a record of the highest wind speeds of all time, representing these wind projects’ immense potential.
There were various reactions regarding this project, with Ilagiisaq president, Mary Johannes, stating that this is a significant and bold move. She noted that this project came to light a few years back, and for some unavoidable reasons, there were delays, but with the new shift of power in the company, everyone is ready to invest in the project. Ilagiisaq is currently the dominating supplier of diesel fuel in Nunavik, with a maximum diesel capacity of 50 million litres to power up the transportation sector and homes annually. Also, all the power energy in Nunavik comes from diesel generators. However, Tarquti is set to change the region’s over-dependence on diesel-fueled energy.
Wind energy is one of the most advanced renewables explaining why Tarquti is naturally beginning with it. Not to mention, the firm has a project to rely on as they work on producing renewable energy, the 3MW wind turbine project. Currently, Tarquti is holding discussions with the hydro-Quebec and the Gaspe Que on the future of renewable energy and solar energy power research. Mary stated that the company targets finding the best locations to capture hydroelectricity and tidal power in the future. Nunavik, as of now, has a running hydroelectric project. This project is a joint venture with Targuti’s ownership running up to 51% for Ilaqiisaq and Makivik having 49% ownership rights.