Proceedings.

WEGH2 Group

ActiveFollow
Proceeding
CCAAs. 11 of the CCAA
Court
Supreme Court of Newfoundland and Labrador
File
2026 01G 1079
Industry
Energy · Power & utilities
Filings held68
Last activity20 Oct 2026
On the record252 days
Secured debtSubscribers
OverviewSummary updated

World Energy GH2 Inc., WEGH2 Holdings Inc., WEGH2 GP Inc., World Energy GH2 Limited Partnership, Vinking Industrial Inc., Vinking Marine Enterprises Inc., Port of Stephenville Holdings and Port Harmon Authority Ltd. — together the WEGH2 Group — obtained a CCAA initial order in the Supreme Court of Newfoundland and Labrador, court file 2026 01G 1079, on February 27, 2026, with Grant Thornton Limited as Monitor. Export Development Canada is a secured creditor of the WEGH2 Group for $50,000,000 as of March 3, 2026. An internal creditor listing of the same date shows World Energy GH2 Limited Partnership owing $12,551,880 to World Energy GH2 Inc., $10,586,154 to the Newfoundland Exchequer, and $15,000,000 in shareholder loans; World Energy GH2 Inc. itself owes Royal Bank of Canada $15,000,000; and Port of Stephenville Ltd. owes World Energy GH2 Limited Partnership $22,389,263.

Proceedings AIOpen Proceedings AI⁠
Ask in plain language. The answer comes only from this case’s filings, each one cited.
Enter to send · Shift+Enter for a new line
Open this case in Proceedings AI⁠Save your chats, keep long conversations going, and ask across every case.
Case updates64 dated entries · 5 undated
#Report

The officer filed report no. Supplemental Third Report. The WEGH2 Group remains in CCAA protection with competing applications from the Companies and EDC; the Monitor recommends a sale and investment solicitation process to canvass the market for the Project and Port, funded by interim (DIP) financing. Operations are minimal, with some replacement lease revenue and ongoing professional costs.

Source: Supplemental Third Report of the Monitor dated June 25, 2026

#Report

The officer filed report no. Third Report. The Companies continue day-to-day operations of the business and Port of Stephenville in the ordinary course with limited liquidity, after Radium North cancelled its Port lease; they are pursuing a re-tooled Project with the Province and an offtake MOU, while EDC seeks a Monitor-run SISP with enhanced powers for the Monitor.

Source: Third Report of the Monitor dated June 8, 2026

#Report

The officer filed report no. Second Report. The Companies continue day-to-day operations in the ordinary course while pursuing a re-tooled Project in discussions with the Province and potential development partners, and seeking DIP financing. Forecast cash is nearly exhausted by the end of the proposed stay extension to June 10, 2026, and EDC is pressing for a SISP.

Source: Second Report of the Monitor dated April 22, 2026

#Report

The officer filed report no. First Report. The WEGH2 Group's development-stage wind and green hydrogen Project has no revenue and its funding has been almost entirely depleted; it is run by a core team of 6, while the Port of Stephenville generates about $400,000 of revenue and is expected to break even with a new customer contract. The Companies continue ordinary-course operations under the stay while exploring restructuring alternatives with the Province and EDC.

Source: First Report of the Monitor dated March 6, 2026

#Order

WEGH2 Group — CCAA filed, Newfoundland and Labrador.

Undated filings5 — no date appears on the document · show
AnalysisAll insights⁠

Case update

World Energy GH2: 228 targeted, fifteen in the data room

Grant Thornton's target list for the sale of the Stephenville wind-and-hydrogen project and its port ran to 228 parties; fifteen signed confidentiality agreements, and "multiple" letters of intent arrived by October 15, the monitor reports. It now seeks approval of a house sale at a price it asks to seal, and recommends deferring a former officer's CAD$66,000 claim.

Filing brief

World Energy GH2: the monitor's sale, on a shareholder-linked loan

Five months into the CCAA of the Stephenville wind and green-hydrogen developer, the company agreed to the monitor-run sale Export Development Canada had demanded, with letters of intent due October 15. The interim loan came from a lender the monitor describes as not at arm's length, at USD$670,000 and 10%, in place of EDC's.

Parties

Debtor

WEGH2 Group

Monitor

Doane Grant Thornton

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice MacDonaldSupreme Court of Newfoundland and Labrador1 order, Jun 202614 cases on record

Counsel of record

PartyCounselFirst seenSource
MonitorDoane Grant ThorntonReconstruct LLP5 Jun 2026Application · 5 Jun 2026
CreditorDarren DO'Keefe & Sullivan21 Apr 2026Application · 21 Apr 2026
CreditorDarren D. O'KeefeO'Keefe & Sullivan26 Feb 2026Affidavit · 26 Feb 2026
CreditorK & D Pratt Limited Ryan GosseCox & Palmer · McCarthy Tétrault LLP5 Jun 2026Application · 5 Jun 2026
CreditorRichter Business and Family Office Karen KimelBoyneClarke LLP21 Apr 2026Application · 21 Apr 2026
CreditorRoyal Bank of Canada 6th Floor, South Tower, Royal Bank Plaza, 200 Bay Street Toronto OntarioStewart McKelvey5 Jun 2026Application · 5 Jun 2026
CreditorSharon KourReconstruct LLP26 Feb 2026Affidavit · 26 Feb 2026
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
4SecuredAdministration Charge beneficiaries (Monitor, counsel to the Monitor, counsel to the WEGH2 Group) · in 4 casesCourt-ordered Administration Charge, first in priority, granted March 9, 2026 in the ARIO — Post-filing court-ordered charge securing professional fees; $250,000 is the stated maximum amount of the charge, not an outstanding balance. The report states the currency generally as USD but the ARIO charge is written '$250,000' without currency — debtor: WEGH2 Group (the Companies)$250KFourth Report of the Monitor dated October 19, 2026
4Secured
4Secured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured

64 more claims in 2 classes The stack holds Secured and Unsecured claims.

Every creditor and every amount, drawn to scale.

Start 5-day trial

Card required. Nothing charged for 5 days. Cancel anytime.

Already a subscriber? Sign in.

See all plans⁠
Sale processAs stated in the filings

Approval pending — Two offers were received for the 99 Front Road Property; the Monitor accepted Olena Botvenko's offer, and approval and vesting order is sought; all conditions other than Court approval satisfied or waived.Memorandum of Fact and Law re Sale Approval dated October 19, 2026 · 19 Oct 2026

Parties solicited

228

Fourth Report of the Monitor dated October 19, 2026

NDAs signed

15

Fourth Report of the Monitor dated October 19, 2026

PurchaserPriceStatusSource
Olena Botvenkothe real property municipally known as 99 Front Road, Port au Port West, NL A0N 1T0 (the 'Property') · real property · agreement 9 Sep 2026SubscribersProposedMemorandum of Fact and Law re Sale Approval…
AdvisorsAvison Young (listing broker); Royal LePage (listing broker)Memorandum of Fact and Law re Sale Approval dated October 19, 2026
RecoveriesAs stated in the filings

Unsecured creditors: no recovery.EstimatedThird Report of the Monitor · 8 Jun 2026

ClassCreditorClaimsRecoveryBasisSource
Unsecuredcreditors subordinated to EDC—no recoveryconditionalEstimatedper the monitorThird Report of the Monitor · 8 Jun 2026

Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.

Estate financialsReported figures — never derived

Cumulative receipts

$23.3K USD

As at 22 Apr 2026Second Report of the Monitor dated April 22, 2026

Cumulative disbursements

As at

Cash on hand

As at

Professional fees

As at

3 more reported figures

Each one as the filing states it, with its source.

Start 5-day trial

Card required. Nothing charged for 5 days. Cancel anytime.

Already a subscriber? Sign in.

See all plans⁠
Documents
68 filings
DateDocumentFile
Draft Approval and Vesting OrderPDF · Subscribers
Book of AuthoritiesPDF · Subscribers
Brief of the Applicants re Cathy Dornan dated October 19, 2026PDF · Subscribers
Fourth Report of the Monitor dated October 19, 2026
  • Process results 228 solicited · 15 NDAs
  • Sale advisor Avison Young (listing broker); Royal LePage (listing broker)
  • Sale outcome Sale process approved — Phase 1 non-binding LOIs were received by the October 15, 2026 deadline and are under review; binding offers are due November 5, 2026, a Successful Bidder is to be selected by November 12, 2026, and an approval motion filed by November 19, 2026. An offer has been accepted on the 99 Front Road residential property; 97 Front Road remains listed.
  • Financial position Subscribers
  • + 3 more extracted facts
PDF · Subscribers
Memorandum of Fact and Law dated October 19, 2026PDF · Subscribers
Memorandum of Fact and Law re Sale Approval dated October 19, 2026
  • Purchaser Olena Botvenko · the real property municipally known as 99 Front Road, Port au Port West, NL A0N 1T0 (the 'Property') · real property · proposed
  • Sale advisor Royal LePage (listing broker)
  • Sale outcome Approval pending — Two offers were received for the 99 Front Road Property; the Monitor accepted Olena Botvenko's offer, and approval and vesting order is sought; all conditions other than Court approval satisfied or waived.
  • Financial position Subscribers
  • + 3 more extracted facts
PDF · Subscribers
Notice of Motion dated October 19, 2026
  • Counsel Boyneclarke Lawyers LLP
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Further Supplemental to the Third Report of the Monitor dated July 21, 2026
  • Sale outcome Sale process approved — SISP process approved with Monitor conducting the sale process, still in progress as of this report
  • Financial position · Stalking horse Subscribers
PDF · Subscribers
WEGH2 SISP - Solicitation Letter
PDF · Subscribers
Revised Draft SISP dated July 3, 2026PDF · Subscribers
Cash Flow Forecast dated July 2, 2026PDF · Subscribers
Draft Interim Financing Term SheetPDF · Subscribers
Supplemental Third Report of the Monitor dated June 25, 2026
  • Operational summary The WEGH2 Group remains in CCAA protection with competing applications from the Companies and EDC; the Monitor recommends a sale and investment solicitation process to canvass the market for the Project and Port, funded by interim (DIP) financing. Operations are minimal, with some replacement lease revenue and ongoing professional costs.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 6 more extracted facts
PDF · Subscribers
Supplemental Affidavit of Brian Craig dated June 24, 2026PDF · Subscribers
Supplemental Memorandum of Fact and Law dated June 24, 2026PDF · Subscribers
Affidavit of Richard Hugh dated June 19, 2026PDF · Subscribers
Letter to Court dated June 19, 2026PDF · Subscribers
Memorandum dated June 19, 2026PDF · Subscribers
Memorandum of Fact and Law dated June 19, 2026PDF · Subscribers
Affidavit of Brian Craig dated June 9, 2026PDF · Subscribers
Letter to the Court dated June 9, 2026PDF · Subscribers
Memorandum of Fact and Law dated June 9, 2026PDF · Subscribers
Blackline Sales and Investment Solicitation Process OrderPDF · Subscribers
Cover Letter to the Court dated June 8, 2026PDF · Subscribers
Draft Monitor's Powers Expansion OrderPDF · Subscribers
Draft SISP OrderPDF · Subscribers
Draft Sales and Investment Solicitation OrderPDF · Subscribers
Draft Sales and Investment Solicitation Process OrderPDF · Subscribers
Further Affidavit of Richard Hugh dated June 8, 2026PDF · Subscribers
Letter to Court dated June 8, 2026PDF · Subscribers
Memorandum Sealing Order dated June 8, 2026
  • Presiding officer Justice Alexander MacDonald
PDF · Subscribers
Notice of Motion dated June 8, 2026
  • Counsel Boyneclarke Lawyers LLP
PDF · Subscribers
Responding Memorandum dated June 8, 2026PDF · Subscribers
Supplemental Brief dated June 8, 2026PDF · Subscribers
Third Report of the Monitor dated June 8, 2026
  • Operational summary The Companies continue day-to-day operations of the business and Port of Stephenville in the ordinary course with limited liquidity, after Radium North cancelled its Port lease; they are pursuing a re-tooled Project with the Province and an offtake MOU, while EDC seeks a Monitor-run SISP with enhanced powers for the Monitor.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 5 more extracted facts
PDF · Subscribers
Interlocutory Application dated June 5, 2026
  • Counsel Cox & Palmer
PDF · Subscribers
Affidavit of Richard Hugh dated June 4, 2026PDF · Subscribers
Notice of Motion dated June 4, 2026PDF · Subscribers
Second Report of the Monitor dated April 22, 2026
  • Operational summary The Companies continue day-to-day operations in the ordinary course while pursuing a re-tooled Project in discussions with the Province and potential development partners, and seeking DIP financing. Forecast cash is nearly exhausted by the end of the proposed stay extension to June 10, 2026, and EDC is pressing for a SISP.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Cover Letter dated April 21, 2026PDF · Subscribers
Notice of Motion dated April 21, 2026
  • Counsel O'Keefe & Sullivan
PDF · Subscribers
Supplemental Affidavit of Richard Hugh dated April 21, 2026PDF · Subscribers
Supplemental Affidavit of Richard Hugh -Exhibit B
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Draft Amended and Restated Initial OrderPDF · Subscribers
Draft Further Amended and Restated Initial OrderPDF · Subscribers
First Report of the Monitor dated March 6, 2026
  • Cash on hand · Disbursements · Financial position · Operational summary Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Letter to the Court dated March 4, 2026PDF · Subscribers
Memorandum of Fact and Law dated March 4, 2026PDF · Subscribers
Notice of Motion dated March 4, 2026PDF · Subscribers
Supplemental Affidavit of Richard Hugh dated March 4, 2026PDF · Subscribers
Creditor Listing as of March 3, 2026
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Notice to Creditors dated March 3, 2026
PDF · Subscribers
Initial Order dated March 2, 2026
  • Applicant World Energy GH2 Inc., WEGH2 Holdings Inc., WEGH2 GP Inc., World Energy GH2 Limited Partnership, Vinking Industrial Inc., Vinking Marine Enterprises Inc., Port of Stephenville Holdings and Port Harmon Authority Ltd.
  • Appointee Grant Thornton Limited
  • Appointee role monitor
  • Commencement date 27 February 2026
  • + 3 more extracted facts
PDF · Subscribers
Draft Initial Order
  • Applicant World Energy GH2 Inc., WEGH2 Holdings Inc., WEGH2 GP Inc., World Energy GH2 Limited Partnership, Vinking Industrial Inc., Vinking Marine Enterprises Inc., Port of Stephenville Holdings and Port Harmon Authority Ltd. ("WEGH2 Group")
  • Appointee Grant Thornton Limited
  • Appointee role monitor
  • Commencement date 27 February 2026
  • + 3 more extracted facts
PDF · Subscribers
Affidavit of Richard Hugh dated February 26, 2026PDF · Subscribers
Affidavit of Sharmain Medekwe dated February 26, 2026
  • Counsel Reconstruct LLP
PDF · Subscribers
Cover Letter to the Court dated February 26, 2026PDF · Subscribers
Letter to the Court dated February 26, 2026PDF · Subscribers
Management Report of CashflowPDF · Subscribers
Memorandum of Fact and LawPDF · Subscribers
Memorandum of Fact and Law dated February 26, 2026PDF · Subscribers
Notice of Application dated February 26, 2026PDF · Subscribers
Registered Mortgage DocumentPDF · Subscribers
Draft Sealing Order
  • Applicant World Energy GH2 Inc., WEGH2 Holdings Inc., WEGH2 GP Inc., World Energy GH2 Limited Partnership, Vinking Industrial Inc., Vinking Marine Enterprises Inc., Port of Stephenville Holdings, Port Harmon Authority Ltd.
  • Court IN THE SUPREME COURT OF NEWFOUNDLAND AND LABRADOR
  • Court file no 2026 01G 1079
  • Statutory basis Rule 49.14 of the Rules of the Supreme Court, 1986 and the inherent jurisdiction of this Honourable Court
PDF · Subscribers
Group Initial Order RevisedPDF · Subscribers
Redline of Initial OrderPDF · Subscribers
WEGH2 SISP - NDAPDF · Subscribers
WEGH2 SISP - ProceduresPDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “WEGH2 Group” (CCAA), Supreme Court of Newfoundland and Labrador. Retrieved 4 November 2026, https://proceedings.ca/case/wegh2-group

Recently updated

Giftcraft Holdings, Inc., Ripskirt Hawaii, LLC et al.

Ontario · Receivership (court-appointed)

3 Nov 2026

Transport Bruno Harvey inc.

Quebec · Bankruptcy

3 Nov 2026

Sunshine Oilsands Ltd

Alberta · Receivership (court-appointed)

3 Nov 2026

RSG Law Professional Corporation

Ontario · Receivership (court-appointed)

3 Nov 2026

Sources last checked · summary updated 6 September 2026 · Report a correction · Printed from proceedings.ca/case/wegh2-group

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.