Big Moon Joins FORCE in the Bay of Fundy
The Fundy Ocean Research Centre for Energy (FORCE) has found a new tenant for its vacant berth in the Bay of Fundy.
BigMoon Canada Corporation (BigMoon) has been selected by the independent procurement administrator, in a competitive process, to fill berth D at the centre.
With authority from the minister, the procurement administrator granted the company a Marine Renewable-Electricity licence and a power purchase agreement.
As part of the agreement, the company will also remove the Cape Sharp turbine left in the water by the former tenant who went out of business. Big Moon provided a security deposit of $4.5 million with their commitment to retrieve the Cape Sharp turbine. The company must submit a retrieval plan for approval by the province, then has until December 31, 2024 to raise the turbine.
Energy and Mines Minister Derek Mombourquette said, “I am pleased we were able to find a private sector solution for the retrieval of the Cape Sharp turbine, and I continue to have great optimism for tidal technology development here because of this industry's enormous potential and our local expertise.”
BigMoon’s chair, Lynn Blodgett, says, “The work the Government of Nova Scotia has done to enable tidal development has made it possible for companies like BigMoon to move projects forward and, very soon, supply the people of Nova Scotia with clean, reliable, tidal energy from one of the world's great natural resources.”
For more information, visit the FORCE website at https://fundyforce.ca/ or BigMoon Canada at www.bigmoonpower.com.
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