Finance
Support for Canoe Pass Tidal Energy Consortium’s project
British Columbia’s Ministry of Small Business, Technology and Economic Development has allotted $2 million to Canoe Pass Tidal Energy Consortium in an effort to help commercialise British Columbia’s clean, alternative energy technologies.
Canoe Pass Tidal Energy Consortium (New Energy Corporation Inc., Canoe Pass Tidal Energy Corporation and the City of Campbell River) is to develop a commercial tidal energy site at Canoe Pass in a narrow channel between Quadra and Maude Islands north of Campbell River.
The commercialisation project will involve removal of a causeway, restoration of the tidal current flow and installation of a mechanical span across the pass for two 250 kilowatt (KW) turbines to harness the tidal power.
The total value of the project is $6,375,000. According to Campbell River Courier-Islander, there are plans to have the turbines in place before the end of 2010.
The report also highlighted that the project has four objectives – to validate the technology at commercial scale in an ocean environment, model the project review and permitting process, demonstrate the reliability and quality of power through connection to the BC Hydro grid and create a data base for environmental interface and impact assessment through a rigorous monitoring and evaluation programme.
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