Tomorrow (Wednesday), an Irish High Court will begin to sort out the ownership of an Irish company whose bankruptcy forced it to abandon its gigantic principal asset — a doughnut-shaped, five-storey high, 1,000-tonne turbine — an ocean away at the bottom of the Bay of Fundy. The third version of the company’s device, designed to...
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...