Canadian government announced $29.8 million for Halagonia Tidal Energy Ltd. in support of its $117-million project to provide clean electricity to Nova Scotia. The project will cut pollution from power generation in Nova Scotia, which currently relies on fossil fuels for a large portion of its electricity needs, and create well-paying, clean jobs for Canadians.
The project, which will create approximately 120 jobs, will deploy a 9 MW tidal energy system and combine both floating and submerged turbines to work together, improving efficiency. It will demonstrate the capability to extract energy in both shallow and deep water. Ultimately, the project will generate enough renewable energy to power more than 2,500 homes. Showcasing that predictable and reliable energy can be extracted from the Bay of Fundy is another step toward developing Canada’s huge marine energy potential.
A first of its kind in Canada, the project will also demonstrate the potential for further tidal energy projects and provide valuable experience managing electricity generation from tidal resources, reducing barriers to entry for the tidal industry.
The funding, which was announced at the G7 Ministerial Meeting on Working Together on Climate Change, Oceans and Clean Energy in Halifax, is part of Natural Resources Canada’s Emerging Renewable Power Program (ERPP) plan for promoting clean growth and fighting climate change.
