PE firm Equistone to buy solar industry supplier RENA
Feb 21, 2019 17:32 CESTSeptember 20 (Renewables Now) - Canadian company Black Rock Tidal Power Inc (BRTP) has earned a permit for a 280-kW tidal energy project in the Bay of Fundy, off the coast of Nova Scotia, it was announced on Thursday.
The Department of Energy and Mines has issued a marine renewable energy permit that allows for the testing of the so-called PLAT-I floating platform developed by Edinburgh-based Sustainable Marine Energy Ltd (SME) for up to six months. The installation will take place in Grand Passage, which is between Long Island and Brier Island, Digby Co.
The project will help determine how the device operates in the specific marine environment and take a staged approach to deployment. It does not require signing a power purchase agreement (PPA) because the system will not be hooked to the power grid.
The announcement comes after in June SME said it was preparing to ship the PLAT-I to Canada after completing testing in Scotland. The platform hosts four Schottel Hydro SIT 250 turbines.
PE firm Equistone to buy solar industry supplier RENA
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