First commercially financed project in the tidal energy industry

A Triton platform with a number of SIT turbines will be installed in the Bay of Fundy in 2016

Black Rock Tidal Power (BRTP), a subsidiary of Germany-headquartered Schottel Hydro, has set up a project company (Special Purpose Vehicle, SPV) which will take over its Triton tidal energy platform once fully commissioned for 15 million Canadian Dollars. The private equity investment into the project company amounts to 10.5 million ...

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