Jupiter Hydro Wins Tidal Project Licence in Canada
- Authorities & Government
Nova Scotia Department of Energy and Mines has recently issued two marine renewable energy permits to Jupiter Hydro for a tidal electricity project in the Bay of Fundy.
“Nova Scotia continues to be a leader in the development of clean, renewable tidal energy,” said Energy and Mines Minister Derek Mombourquette. “Having another company test their technology in the Bay of Fundy shows that this early-stage industry continues to grow and create green jobs in our rural communities.”
The first permit allows the company to test a one-megawatt prototype that is not connected to the electricity grid. The second permit is for up to two megawatts.
This five-year permit is renewable if the company meets performance standards, environmental requirements and community engagement conditions.
The project is required to obtain all other necessary approvals, permits and authorizations.
Mombourquette also authorized a power purchase agreement that allows the company to sell the electricity it generates to Nova Scotia Power for 50 cents per kilowatt hour.
The project will be located near the Fundy Ocean Research Center for Energy in the Minas Passage and will use existing electricity grid connections.