Tidal power project in Canada’s Bay of Fundy secures support of Japanese firms

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Laszlo Podor | Moment | Getty ImagesTwo 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 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.Uisce Tapa is backed by a 15-year power purchase agreement with Nova Scotia Power Incorporated, which comes in at
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