Tag Archives: Emera

Emera seeks to abandon its stake in Cape Sharp Tidal Inc.

Emera, parent company of Nova Scotia Power, has announced it’s withdrawing from its partnership in Cape Sharp Tidal Inc., the company that has a test turbine sitting on the bottom of the Minas Passage. In a statement released today, Emera … Continue reading

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Troubled financial waters ahead for Bay of Fundy tidal test project?

Just days after the successful deployment of its latest OpenHydro turbine in the Minas Passage, Cape Sharp Tidal Inc. could be facing an uncertain future. Two Irish newspapers, the Irish Times and the Irish Examiner are reporting that its French parent company, … Continue reading

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Tide of tax dollars floods into Bay of Fundy

Two huge companies are getting $6.3 million in federal tax money to support their planned tidal project in the Minas Passage near Parrsboro. The lucky recipients are tidal developer OpenHydro, now owned by the French giant DCNS Group, one of … Continue reading

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