The provincial government has announced that it will soon open procurement for new tidal energy projects, particularly focused on the Bay of Fundy. This initiative aims to harness the potential of tidal energy in this region, which is known for its significant tidal ranges.
Starting later this spring, companies interested in developing tidal energy solutions will have the opportunity to apply for a site in the Minas Passage. This area is specifically designated for new projects aimed at contributing to sustainable energy generation through tidal power.
The government has appointed Power Advisory LLC as a consultant to oversee the procurement process. This agency will manage the applications for two vacant berths at the Fundy Ocean Research Centre for Energy (FORCE), situated near Parrsboro. This strategic location is essential for conducting tidal energy research and development.
The official procurement activity is anticipated to commence in May, providing a timeline for interested companies to prepare their proposals. The Department of Natural Resources and Renewables will be responsible for issuing licenses and power purchase agreements with Nova Scotia Power for those companies that are successful in their applications.
Successful applicants will also need to reach agreements with FORCE to utilize the facility for their projects. FORCE presently has five berths available, of which two are currently in use and two are available for new projects. The fifth berth is currently not accessible, as work is ongoing to resolve issues related to an abandoned OpenHydro turbine.
To be eligible, companies must demonstrate both the technical expertise required to design and execute their tidal energy projects, as well as the financial capacity to construct, operate, and eventually decommission their installations.
This initiative marks an important step towards advancing renewable energy solutions in the province, and it reflects the government’s commitment to fostering innovative approaches to energy generation through tidal resources.
As the Bay of Fundy continues to attract attention for its unique environmental features, the upcoming procurement process is expected to generate significant interest from firms specializing in renewable energy technologies. The developments in this area could lead to significant contributions to the province's overall energy portfolio while enhancing the region's reputation as a leader in renewable energy solutions.