Weekly renewables M&A round-up (Aug 8-12)
Aug 12, 2022 17:43 CESTNovember 26 (Renewables Now) - Scotland-based Sustainable Marine’s PLAT-I tidal energy platform at Grand Passage in Nova Scotia is set to be grid-connected and start generating energy by early next year.
The company said on Thursday it has completed construction of an onshore electrical substation in the Bay of Fundy and is on target to connect the platform to the substation in the first quarter of 2022.
“This will be a significant milestone for marine energy in Nova Scotia as it will be the first floating tidal platform to connect directly into the power grid,” commented chief executive Jason Hayman.
The platform is currently at Grand Passage, where it has been used to conduct an environmental monitoring programme since 2018.
Sustainable Marine last year was awarded CAD 28.5 million (USD 22.5m/EUR 20m) by the Canadian government to deliver Canada’s first floating tidal energy array in Nova Scotia, with a capacity of up to 9 MW.
(CAD 1 = USD 0.789/EUR 0.703)
Weekly renewables M&A round-up (Aug 8-12)
Aug 12, 2022 17:43 CESTUK hits 25.5 GW of wind power capacity
Aug 12, 2022 17:15 CESTRWE to make over EUR 5bn in green investments in 2022
Aug 12, 2022 17:11 CESTTurkish renewables firm Kalyon Enerji sells 50% stake to Abu Dhabi's IHC for 477 mln euro
Aug 12, 2022 16:27 CESTDEME installs substation at Fecamp wind farm offshore France
Aug 12, 2022 15:59 CESTUnit of Malaysia's TNB gets more time to reach fin close for 50-MW solar project
Aug 12, 2022 15:30 CEST