DP Energy has entered into a Joint Development Agreement (JDA) with Chubu Electric Power Company and Kawasaki Kisen Kaisha (K LINE) to develop the first phase of the Uisce Tapa tidal in the Bay of Fundy, Nova Scotia.
The project holds a 15-year Power Purchase Agreement (PPA) of CAD530/MWh (US$422.8/MWh) awarded under Nova Scotia’s Marine Renewable Energy Act and is the recipient of a CAD29.75 (US$24) million grant from Natural Resources Canada under their Emerging Renewables Power Program.
The project at the Fundy Ocean Research Centre for Energy (FORCE) site is already well advanced and testing is underway for the project’s environmental monitoring platform being developed together with the Offshore Energy Research Association (OERA) under their Pathway Program. The monitoring platform will be deployed at the project site this summer and subject to regulatory approval and final investment decision by the parties, the first of the turbines is scheduled to be installed and commissioned in 2023.
After completion of the first phase (3 x 1.5 MW turbines), the power generation capacity is planned to increase to 9 MW in the second phase.
Country updates
-
-
August 03, 2021
Brookfield achieves US$7bn initial close for Brookfield Global Transition Fund
Brookfield Asset Management has achieved an initial US$7 billion closings for the Brookfield Global Transition Fund (BGTF), establishing BGTF as the largest fund focused on the glo...
Read more -
July 29, 2021
Cenovus to buy 150 MW of solar power in Alberta
Cenovus Energy Inc. has entered into a power purchase agreement (PPA) to buy solar-power-produced electricity and the associated emissions offsets from a partnership between Cold Lake First Nations (C...
Read more -
July 21, 2021
Quidnet Energy, ERA to develop Geologic Energy Storage Resource in Brooks
Quidnet Energy and Emissions Reduction Alberta (ERA), with funding from the Government of Alberta, have launched a project to develop an ultra-low-cost, multi-gigawatt (GW) geologic energy storage res...
Read more -
July 02, 2021
Construction works start for 465 MW solar project in Canada
Copenhagen Infrastructure Partners (CIP) and Greengate Power Corporation (Greengate) have begun the construction of 465 MWac Travers Solar project in Alberta, Canada.
Read more -
July 02, 2021
RES, Cowessess First Nation secures PPA for 200 MW Bekevar wind project
RES (Renewable Energy Systems) and partner Cowessess First Nation have secured power purchase agreement (PPA) with SaskPower for a 200 MW wind project located south of Kipling, in southeastern Sa...
Read more
