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Emera Exits OpenHydro Tidal Power JV (Ind. Report)
Emera Inc., OpenHydro
Date: 2018-08-15
Halifax-headquartered energy company Emera Inc. reports it is ending its support support for its Cape Sharp, Nova Scotia Tidal joint venture with Dublin, Ireland-based OpenHydro Ltd after the latter, a subsidiary of French marine renewables specialist Naval Energies, filed for liquidation last month.

In a statement Emera said it "sees no further value in pursuing the particular tidal power project" but intends to intends to continue to participate in in-stream tidal energy projects.

The Cape Sharp Tidal project involved the installation of a 2-MW OpenHydro Open-Centre turbine at the Fundy Ocean Research Centre for Energy (FORCE) in Nova Scotia, Canada. The device was hooked to the grid in November 2016 and was recovered in June 2017 for certain modifications. It was re-deployed on July 22 and grid-connected on July 24, 2018. (Source: Emera, Renewables Now, 14 Aug., 2018) Contact: OpenHydro, +353 (0) 1 717 0200, info@openhydro.com, www.openhydro.com; Emera Inc., (902) 450-0507, www.emera.com

More Low-Carbon Energy News Emera,  Tidal,  OpenHydro,  

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