Grants and Contributions:

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Title:

Penpaq PLAT-I In-stream Tidal

Agreement Number:

ERPP-IT-13

Agreement Value:

$21,891,706.73

Agreement Date:

Aug 8, 2019 - Mar 31, 2027

Description:

The purpose of this project is to reduce barriers for emerging renewable energy deployment and increase Canada's renewable electrical energy capacity from emerging renewable energy energy technologies.

Organization:

Natural Resources Canada

Expected Results:

The expected results are increased deployment of emerging renewable power projects in Canada, reduced barriers to deployment of emerging renewable power projects, increase in renewable energy capacity, greenhouse gas emissions reductions, increase in renewable technology supply chains, and increase and awareness of regional energy resources and impacts from renewable energy projects.

Location:

BEDFORD, Nova Scotia, CA B4A 4J4

Reference Number:

115-2020-2021-Q4-17258

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

781562871

Recipient Type:

For-profit organization

Additional Information:

Amendment: Duration of agreement / Value / Award previously disclosed for the 4th Quarter of 2020-2021. Grant or contribution awarded and spanning more than one fiscal year. The agreement in the amount of $21,891,706.73 was terminated or cancelled on July 21, 2025.

Amendment Date

Mar 25, 2021

Recipient's Operating Name:

SPICER MARINE ENERGY INC.

Recipient's Legal Name:

SPICER MARINE ENERGY INC.

Program:

Contributions in support of the Emerging Renewable Power Program

Program Purpose:

The objective is to support the reduction of greenhouse gas emissions from Canada’s energy sector through a set of programs which will allow for cleaner and more efficient operation of grid systems and grid modernization, deployment of emerging renewable electricity projects, deployment of renewable energy projects which can provide grid services, and deployment of clean energy and energy efficiency to reduce the reliance of diesel generated heat and power in Indigenous, rural, and remote communities.

Amendments:

See Amendments