New tidal power project

A tidal power turbine, built for Nova Scotia Power, is towed in the Bedford Basin in Halifax.

Another company has been granted permission to try to harness electricity from the powerful tides of the Bay of Fundy.

Nova Scotia’s Department of Energy and Mines has issued two renewable energy permits to Jupiter Hydro.

The first permit allows the company to test a one-megawatt prototype that is not connected to the electricity grid.

The second — a five-year permit for up to two megawatts — is renewable if the company meets performance standards, environmental requirements and community engagement conditions.

Energy and Mines Minister Derek 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.

Last month, the utility said it now generates 30 per cent of its power from renewables, including nine per cent from hydroelectric and tidal turbines.

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