The planned development is located at the Fundy Ocean Research Centre for Energy.
, or "K" Line, said the agreement related to the Uisce Tapa Tidal Energy project. The development is located at the Fundy Ocean Research Centre for Energy in the Bay of Fundy, an inlet between the Canadian provinces of New Brunswick and Nova Scotia.
According to DP Energy, the first phase of Uisce Tapa — Irish for "fast water" — is centered around three 1.5 megawatt turbines. The second aims to increase the project's capacity to 9 MW. In its announcement Wednesday, DP Energy described the Bay of Fundy as "being home to some of the highest tides in the world." At peak surface speed, tidal currents there are "capable of exceeding 10 knots" or 5 meters per second, it added.
The news comes in the same week that tidal energy business Nova Innovation said it was able to move forward with a projectafter receiving funding from the Scottish government.
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