Funding for Canada’s Tidal Power Industry

Source: International Energy Agency
Last updated: 12 October 2021

The Canadian government will fund four tidal energy projects for CAD 9.4 million, through Natural Resources Canada’s (NRCan) Energy Innovation, Clean Growth, and Emerging Renewables Power programs.


The budget is divided as such:

- CAD 4 million to Nova Innovation to build a tidal turbine array using sub-sea tidal technology in Petit Passage in the Bay of Fundy.

- CAD 1.58 million to the University of Manitoba, in partnership with SOAR – Sustainable Oceans Applied Research, to advance research on river hydrokinetic and in-stream tidal energy technologies in the Canadian context.

- CAD 2 million to Offshore Energy Research Association of Nova Scotia to research an environmental effects monitoring solution for the instream tidal energy industry in Canada, including fish and marine mammal interactions with tidal devices.

- CAD 2 million to Fundy Ocean Research Centre for Energy to outline a plan to assess the encounter risk for fish with tidal devices and create a tool to support the regulatory authorization process for tidal energy projects.

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