Sept. 20, 2018 /CNW/ – Our government commitment to making investments that use Canada’s natural advantage. Their resources to make their economy more competitive while cutting pollution. These include investments in emerging technologies to tap the vast potential of marine renewable energy.
Today, the Honourable Amarjeet Sohi, Canada’s Minister of Natural Resources, announced $29.8 million for Halagonia Tidal Energy Ltd. in support of its $117-million project to give clean electricity to Nova Scotia. The project will cut pollution from power generation in Nova Scotia, which now relies on fossil fuels for a large part of its electricity needs, and create well-paying, clean jobs for Canadians.
The project, which will create about 120 jobs, will deploy a nine megawatt tidal energy system and combine both floating and submerged turbines to work together, improving efficiency. It will prove the ability to extract energy in both shallow and deep water. Ultimately, the project will generate enough renewable energy to power more than 2,500 homes. Showcasing that predictable and reliable energy can be extracted from the Bay of Fundy is another step toward developing Canada’s huge marine energy potential.
A first of its kind in Canada, the project will also prove the potential for further tidal energy projects and give valuable experience managing electricity generation from tidal resources, reducing barriers to entry for the tidal industry.
In conclusion, the funding, which announced at the G7 Ministerial Meeting. The meeting on Working Together on Climate Change, Oceans and Clean Energy in Halifax. That’s part of Natural Resources Canada’s Emerging Renewable Power Program (ERPP) plan. A plan for promoting clean growth and fighting climate change.
Follow on Twitter: @NRCan (http://twitter.com/nrcan)
SOURCE Natural Resources Canada