**** CNS Media Release
Tidal Permit Issued to Nova Innovation
The Department of Energy and Mines has issued a marine renewable energy permit to Nova Innovation CAN Ltd. for a tidal electricity project in the Bay of Fundy.
“Nova Scotia’s leadership in the development of clean, renewable tidal energy continues to attract new businesses and new investment to our shores,” said Energy and Mines Minister Derek Mombourquette. “These projects are growing our green economy, creating jobs in rural areas of the province and they have tremendous potential to help in our fight against climate change.”
This five-year permit is renewable if the company meets performance standards, environmental requirements and community engagement conditions.
The project is also required to obtain all other necessary approvals, permits and authorizations.
“At five times the size of our project in Shetland, which is the first of its kind in the world, this project is a massive step forward for Nova Innovation and the sector. It is testimony to the quality of our team in Canada; the relationships we have built with communities, supply chain and government and the hard work put in by all, that this project will now become a reality.”
– Simon Forrest, chief executive, Nova Innovation
— Nova Scotia is a leader in fighting climate change setting the most ambitious emission reduction targets in the country
— the project will be up to 1.5 megawatts in size
— electricity generated will be sold to Nova Scotia Power for 50 cents per kilowatt hour
— the project is located near Digby