March 07, 2011 Ocean Renewable Power Co. and Fundy Tidal Collaborate To Tap Tidal Energy on Canadian Side of Bay of Fundy
Ocean Renewable Power Company (ORPC), headquartered in Portland, Maine, and Fundy Tidal Inc. (FTI) of Westport, Nova Scotia, have formed a strategic partnership to develop a tidal energy project in the Bay of Fundy off southeastern Nova Scotia. The companies hope to benefit from the world’s first Community Feed-In Tariff (or COMFIT) designed for tidal energy projects, details of which are currently being finalized by the Province of Nova Scotia.
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