Grants and Contributions:

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Title:

Uisce Tapa in -Stream Tidal Energy Project

Agreement Number:

ERPP-IT-04

Agreement Value:

$4,543,883.12

Agreement Date:

Sep 19, 2018 - Mar 31, 2029

Description:

The purpose of this agreement is to reduce barriers that have prevented commercial deployment of these emerging technologies while increasing Canada's renewable electrical energy capacity from emerging renewable 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:

HALIFAX, Nova Scotia, CA B3J 3N2

Reference Number:

115-2022-2023-Q3-12938

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Type:

For-profit organization

Additional Information:

Amendment: Duration of agreement / 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 $29,750,000.00 was terminated or cancelled on November 29, 2024.

Amendment Date

Oct 14, 2022

Recipient's Legal Name:

HALAGONIA TIDAL ENERGY LIMITED

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