Nova Scotia’s tidal energy ambitions won’t end with project setback, experts say
HALIFAX — Nova Scotia’s bid to become a world leader in tidal energy has been dealt a major setback, but industry experts say a French firm’s decision to pull out of a pioneering Bay of Fundy project may ultimately be good for the emerging industry.
Stephen Dempsey, executive director of the Offshore Energy Research Association, says the renewable energy industry has been hurt by Paris-based Naval Energies’ decision to pull funding from its Dublin-based subsidiary OpenHydro, the key backer of Nova Scotia’s Cape Sharp Tidal.
“When the leading technology developer exits the field, it’s a concern,” Dempsey said in an interview Monday. “There’s no way to diminish that. It will have immediate negative consequences. The question is whether it is short-term or long-term.”
Last week, Cape Sharp Tidal successfully connected a massive, two megawatt in-stream tidal turbine to Nova Scotia’s electricity grid. It was the second time that Cape Sharp has installed a turbine on the floor of the Bay of Fundy to generate electricity from the world’s highest tides.

