Energy and Mines Minister Derek Mombourquette announced last week the province intends to “eventually retrieve” the abandoned 1,000-tonne, five-storey turbine abandoned at the bottom of the Bay of Fundy near Parrsboro. “Eventually” is the key word in that sentence since there is no timeline and no obvious financial means to pay a salvage bill estimated...
Tidal power isn’t dead yet
Three companies are still committed to developing the industry, but after the OpenHydro collapse, obtaining the hundreds of millions of dollars in needed investment may be an upstream battle.
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...