Fund Management

The Community Vibrancy Fund is focused on supporting communities as they develop and maintain assets and activities that will help contribute to community vibrancy. These assets and activities could include: land stewardship initiatives; developing/constructing regional recreational facilities; enhancing community services; improving municipal infrastructure; and other community-focused activities.

World Energy GH2 encourages the bodies in receipt of the funds to focus on investments that will directly benefit the people of the area and will help their communities thrive. Residents should see tangible improvements and/or initiatives in their region as a direct result of the Community Vibrancy Fund.

Project Area 1

Stephenville port and plant

  • Funds to be managed by the Town of Stephenville.
  • Dependent on regulatory approval, construction is expected to begin in Project Area 1 in 2024.

Project Area 2

Port au Port wind farm, transmission line and infrastructure

  • Funds to be managed by a regional committee (Port au Port Regional Vibrancy Committee).
  • Dependent on regulatory approval, construction is expected to begin in Project Area 2 in 2024.

Project Area 3

Bay St. George South – Codroy wind farm, transmission line and infrastructure

  • Funds to be managed by a regional committee (committee to be developed).
  • Dependent on regulatory approval, construction is expected to begin in Project Area 3 in late-2025.

Construction Phase

World Energy GH2 has committed a $10 million Community Vibrancy Fund for the construction phase of three project areas: the Town of Stephenville; Port au Port wind farm; and the Bay St. George South – Codroy area wind farm.

The fund will be paid over three years, and equally divided across the project areas, commencing with construction.

We’re working with a committee of Port au Port project area residents to allocate and administer the construction phase of the fund. A similar committee will be developed in the Bay St. George South – Codroy project area, and discussions have begun with community leaders.

The Community Vibrancy Fund (CVF) is not associated with any memorandums of understanding (MOUs) or agreements with Qalipu First Nation and/or community bands.

The CVF is not to be directed toward regular municipal/LSD/organizational operations, to service debt, or to replace previous funding sources. The CVF is intended to add to community funding sources, and is not to be used as regular operational funds.

Project Area 1:
Town of Stephenville
Stephenville port and plant

CONSTRUCTION TIMING FUND AMOUNT
Year 1 $1.1 million
Year 2 $1.1 million
Year 3 $1.1 million

Project Area 2:
Port au Port Wind Farm
Port au Port wind farm, transmission line and infrastructure

CONSTRUCTION TIMING FUND AMOUNT
Year 1 $1.1 million
Year 2 $1.1 million
Year 3 $1.1 million

Project Area 3:
Bay St. George South – Codroy Wind Farm
Bay St. George South – Codroy wind farm, transmission line and infrastructure

CONSTRUCTION TIMING FUND AMOUNT
Year 1 $1.1 million
Year 2 $1.1 million
Year 3 $1.1 million

Production Phase

During the production phase of the project, we have made the commitment that the same amount we will pay in taxes to the Town of Stephenville will be given as a grant in lieu to the Port au Port and BSGS – Codroy project areas.

If you have any questions about the Community Vibrancy Fund, please contact info@WorldEnergyGH2.com