DP Energy Joins FORCE

Nova Scotia Government has welcomed a fifth developer to the Fundy Ocean Research Centre for Energy (FORCE).

An agreement has been signed between government and Irish-based DP Energy to install a 4.5-megawatt in-stream tidal energy project at the FORCE test site in Parrsboro.

“We are pleased to welcome DP Energy to Nova Scotia,” said Energy Minister Michel Samson. “DP Energy’s investment is further proof of Nova Scotia’s standing as an international leader in the tidal energy industry.”

DP Energy plans to install three 1.5-megawatt turbines at its new site.

DP Energy is delighted to join with the other FORCE bertholders in picking up the tidal energy challenge in the Bay of Fundy,” said Simon De Pietro, company CEO. “We welcome Nova Scotia’s vision and forward thinking in recognizing tidal energy as a one of the major worldwide renewable energy sources for the future.”

As part of its agreement with government, DP Energy will receive a developmental tidal feed-in tariff for the electricity produced by this project. The feed-in tariff rate is 53 cents per kilowatt hour.

Share this article

Follow Subsea World News

Events>

<< Oct 2017 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

BLACK SEA OIL AND GAS

Black Sea region continues to impose as a key area for the future of energy in Europe in reaching the diversification of supply and the energy…

read more >

SUBSEA POWER CABLES

2-day seminar covering best practice and emerging technologies for cost-efficient subsea cable projects from conception to installation…

read more >

24th Annual Africa Oil Week 2017

The Conference portraying five days of senior-level executive insights, with rich-content on corporate strategies and portfolio, exposure…

read more >

OTC Brasil 2017

OTC Brasil is organized by the Offshore Technology Conference (OTC) and Brazilian Petroleum, Gas and Biofuels Institute (IBP)…

read more >