The province of Nova Scotia announced that it has selected a company to fill the vacant berth at the Fundy Ocean Research Centre for Energy (FORCE) in Nova Scotia’s Bay of Fundy.
The Nova Scotia-based Big Moon Canada Corporation has been selected by the independent procurement administrator as the successful applicant to fill berth D at the centre. As part of the agreement, the company will also remove the Cape Sharp turbine.
The Cape Sharp turbine.
“Nova Scotia is a world leader in tidal energy development and our Bay of Fundy provides the ultimate test for new technology,” said Nova Scotia’s Minister of Energy and Mines Derek Mombourquette. “I am pleased we were able to find a private sector solution for the retrieval of the Cape Sharp turbine, and I continue to have great optimism for tidal technology development here because of this industry’s enormous potential and our local expertise.”
With authority from the minister, the procurement administrator has granted the company a Marine Renewable-Electricity licence and a power purchase agreement. The company has provided a security deposit of $4.5 million in relation to their commitment to the retrieval of the Cape Sharp turbine.
“Big Moon is extremely pleased to have won this procurement from the province of Nova Scotia and to continue our efforts to advance the tidal industry in Canada,” said Lynn Blodgett, chair of Big Moon. “The work the Government of Nova Scotia has done to enable tidal development has made it possible for companies like Big Moon to move projects forward and, very soon, supply the people of Nova Scotia with clean, reliable tidal energy from one of the world’s great natural resources.”
Big Moon, which will be paid $475 per MWh (megawatt hour), now has 9MW worth of power purchase agreements in place.
The independent procurement administrator for this call for proposals was Power Advisory LLC.
For further information about this project, click here.