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Canada Makes Historic Investments in Tidal Energy in Nova Scotia

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HALIFAX, Nov. 5, 2020 /CNW/ - Canada has an abundance of renewable energy sources that are helping power our country's clean growth future and the Government of Canada is investing in renewables to reduce emissions, create jobs and invigorate local economies in a post COVID-19 pandemic world.

The Honourable Seamus O'Regan, Canada's Minister of Natural Resources, today announced one of Canada's largest-ever investments in tidal energy — $28.5 million to Sustainable Marine in Nova Scotia to deliver Canada's first floating tidal energy array.

Sustainable Marine developed an innovative floating tidal energy platform called PLAT-I that has undergone rigorous testing on the waters of Grand Passage for nearly two years. A second platform is currently being assembled in Meteghan, Nova Scotia and will be launched in Grand Passage later this year for testing before relocation to the Fundy Ocean Research Centre for Energy (FORCE) in 2021. These platforms will make up the tidal energy array.  

The objective of the project is to provide up to nine megawatts of predictable and clean renewable electricity to Nova Scotia's electrical grid. This will reduce greenhouse gas emissions by 17,000 tonnes of carbon dioxide a year while creating new jobs in the province. The project will also demonstrate the ability to harness tides as a reliable source of renewable electricity to power homes, vehicles and businesses.

Tidal energy — a clean, renewable energy source generated by ocean tides and currents — has the potential to significantly reduce Canada's greenhouse gas emissions and improve local air quality by displacing electricity generated from fossil fuels.

Minister O'Regan made the announcement at the Marine Renewables Canada 2020 Fall Forum, which brings together its members and industry to identify opportunities and strategize a path forward for marine renewable energy sources.

Funding for the project comes from Natural Resources Canada's Emerging Renewables Power Program, part of Canada's more than $180-billion Investing in Canada infrastructure plan for public transit projects, green infrastructure, social infrastructure, trade and transportation routes and Canada's rural and northern communities.

Quotes

"We are harnessing the power of our tides to power our homes, our businesses and our communities. This is how we build our clean energy future."

Seamus O'Regan
Canada's Minister of Natural Resources

"This investment will not only help propel the tidal energy industry forward in Nova Scotia, it also highlights how it can drive innovation that can lead to new jobs. It is a new and innovative approach to generating tidal energy that once again shows that Nova Scotia is the right place to explore the potential of this industry."

Derek Mombourquette
Nova Scotia Minister of Energy and Mines

"Nova Scotia has one of the best natural resources in the world for tidal energy and provides the infrastructure and support for companies looking to grow their business. Having a demonstration site such as FORCE enables us to accelerate the commercialization of our technology. This investment will not only advance our tidal energy technology but also provide a source of clean renewable energy that has a positive impact on rural coastal communities and the environment."

Jason Hayman
CEO Sustainable Marine

"Tidal energy is a prime example of a sector and clean technology that can spur economic development while helping Canada achieve its goals to reduce carbon emissions and act on climate change. Sustainable Marine has already successfully engaged local suppliers in its Grand Passage project, and this new project at FORCE creates more opportunities, particularly for firms with experience from other marine industries such as offshore oil and gas that are looking to diversify their business into renewable energy."

Elisa Obermann
Executive Director, Marine Renewables Canada

Related Links
Emerging Renewable Power Program 
Sustainable Marine 
Investing in Canada: Canada's Long-Term Infrastructure Plan 
Investing in Canada Plan Project Map

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SOURCE Natural Resources Canada

Cision View original content: http://www.newswire.ca/en/releases/archive/November2020/05/c2901.html

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