Maine tidal energy firm looks to Maritimes

[jpak]

http://www.forbes.com/feeds/ap/2011/07/19/business-us-tidal-power-maine_8572441.html

PORTLAND, Maine -- A Maine tidal power company is partnering with a Canadian project developer to break into a much larger market by installing underwater turbines off the coast of Nova Scotia, they said Monday.

Portland-based Ocean Renewable Power Co. and Nova Scotia-based Fundy Tidal Inc. plan to install underwater turbines in the Petit Passage off western Nova Scotia in the fall of 2012, about six months after installing Ocean Renewable's turbines off eastern Maine, the companies said.

The partnership gets Ocean Renewable into a lucrative market, one that's subsidized by Nova Scotia's government as it seeks to make the province a world leader in tidal power.

Maine shares the Bay of Fundy with Canada, and development potential in Canadian waters "is 10 times larger" than what's in Maine, John Ferland, Ocean Renewable's vice president, told The Associated Press.

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[Scuba]

1. Smarter than giving tax dollars to oil companies. Thanks Mainahs n/t