Tidal permits issued to Big Moon Power
Big Moon Power has received two permits for its tidal electricity project in the Bay of Fundy.
The initial permit allows Big Moon Power to test a 100-kilowatt prototype that is not connected to the electricity grid for up to 14 months in the Minas Passage, along the north shore of the Blomidon Peninsula, Kings County.
The second permit will allow the company to increase the size of its project in phases up to a maximum total of five-megawatts.
That permit is renewable if the company meets all conditions, including an environmental assessment.
Big Moon has also been authorized to sell the electricity it generates to Nova Scotia Power for 35 cents per kilowatt hour, which would be some of the lowest cost tidal electricity in the world.