Here, roughly 160 billion tonnes of water flows with each tide, equal to four times the estimated flow of all the freshwater rivers in the world combined
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Sustainable Marine Energy, a pioneer in tidal energy technology, has been placed into voluntary bankruptcy stating it faced insurmountable challenges in obtaining regulatory approvals for its flagship demonstration project in Nova Scotia,.
Sustainable Marine Energy said the project was undermined by government red tape despite providing ample environmental monitoring data and trying to work with the Department of Fisheries and Oceans. DFO says it has “developed a clear regulatory pathway" for the industry.
Chief executive says the federal department has refused to authorize the next steps for the Pempa’q Tidal Energy Project, which would have provided up to 9 megawatts of electricity by harnessing the movement of tides in the Minas Passage