SME to supply floating tidal energy systems

As part of a new contract, SME will supply the PLAT-I floating tidal energy systems, with a rated power output of 420kW each, to project entity Spicer Marine Energy.

Spicer Marine Energy has signed a Design Build and Operate (DBO) agreement with reconcept GmbH for the first phase of the Pempa’q In-stream Tidal Energy Project, and will deliver and operate the project over its 15-year lifetime, on behalf of reconcept’s RE13 Meeresenergie investment fund.

“With the signing of the DBO contract we have reached a significant milestone. It provides the basis for further successful reconcept investment offers in the field of marine energy.” said reconcept Managing Partner Karsten Reetz.

Components for the first of the next generation 420kW PLAT-I platform have already started arriving at Sustainable Marine Energy’s new systems integration facility in Dartmouth, Nova Scotia. The platform will be assembled and launched at A.F. Theriault & Son Ltd in Meteghan later this year prior to being installed the Grand Passage site for commissioning trials through the winter. Construction work will then start at the Fundy Ocean Research Centre for Energy (FORCE) in the 2nd quarter of 2021 where this first platform, alongside a further two, will be installed to deliver phase 1 of the project.

Jason Hayman, CEO of SME said the company will work with reconcept on financing for subsequent phases of the project.