The plans will see 15 turbines installed by the year 2023.
The European Commission has described "ocean energy" as being both abundant and renewable.A Scottish tidal energy business has been issued with a permit to develop a project in the Bay of Fundy, Nova Scotia.
In its own statement on Wednesday, Nova Scotia's Department of Energy and Mines said the scheme would be up to 1.5 megawatts in size. Electricity produced by the turbines will be sold to Nova Scotia Power for 50 Canadian cents per kilowatt hour. The department added that the five-year permit was renewable if Nova Innovation was able to meet performance standards, community engagement conditions and environmental requirements.
Indeed, tidal power has been around for decades — EDF's 240 MW La Rance Tidal Power Plant in France was built as far back as 1966 — but the last few years have seen a number of new projects take shape.
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