Canadian tidal power
Atlantis Resources Limited’s Canadian subsidiary has been awarded a Feed-in Tariff for up to 4.5MW of tidal generation to be deployed at the Fundy Ocean Research Center for Energy (FORCE) in Nova Scotia, Canada.
The Developmental Feed-In-Tariff award of C$530 (£292) per MWh provides revenue support for Atlantis to deploy and operate up to three state-of-the art AR-1500 turbines at FORCE.
It will allow Atlantis’ wholly-owned subsidiary Atlantis Operations (Canada) Limited to enter into negotiations for a 15-year power purchase agreement with incumbent network operator Nova Scotia Power Limited, under which it may deploy and operate up to three state-of-the art 1.5MW AR-1500 turbines.
Under the planned project, Atlantis intends to initially deploy a single 1.5MW AR-1500 tidal turbine system – enough to power up to 750 local homes. This should also help the tidal energy industry grow and develop in Nova Scotia.
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