News 1. Emera withdraws from Cape Sharp Tidal This item is written by Jennifer Henderson. Emera is out of the tidal power business in the Bay of Fundy, at least for now. The parent company of Nova Scotia Power (and the North American energy conglomerate with $29 billion in assets) announced yesterday it was withdrawing […]
Is tidal power dead in the water?
The collapse of OpenHydro comes after $36.2 million in public money has been put into tidal development in Nova Scotia.
The collapse late last month of the French-owned, Irish-based company that has installed tidal turbines three times in the Bay of Fundy continues to reverberate. It is felt most acutely by suppliers and sub-contractors in Nova Scotia, the Orkney Islands, and wherever in the world OpenHydro did business. An unanswered question is whether the collapse...