Energy

Tidal power project in Canada secures support of Japanese firms

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Two Japanese firms have entered into a joint development agreement with Ireland-headquartered DP Energy to work on the initial phase of a tidal energy project in Canada.

In statements released earlier this week Chubu Electric Power and Kawasaki Kisen Kaisha, 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. 

Both Chubu Electric Power and “K” Line described it as “the first tidal energy project in which a Japanese company will participate overseas.”

According…



Source cnbc.com

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