Bras d'Or Renewable Energy Project Moves Forward9/20/2012
Bras d'Or is one step closer to enjoying the benefits of clean, green renewable electricity generated in its own backyard.
The community received approval today, Sept. 20, for an in-stream tidal project under the Community Feed-in Tariff (COMFIT) Program.
"The approval of this project demonstrates how Nova Scotians are committed to improving their energy future, reducing their environmental footprint, and creating economic opportunities," said Energy Minister Charlie Parker. "Bras d'Or will soon be able to produce clean, green electricity to power its homes and businesses."
Fundy Tidal will develop the 0.5 MW project in the Great Bras d'Or Channel. It will be financed, in part, through a Community Economic Development Investment Fund (CEDIF), which will sell shares across the province, with an emphasis in the local community.
"This is a significant milestone in our aspirations to develop tidal power in Cape Breton. There are many more milestones to achieve in the years ahead before this project can become a reality," said Dana Morin, director of business development for Fundy Tidal. "The completion of the Strategic Environmental Assessment, First Nations Consultations, further research to determine the viability of the project and, ultimately, support from community stakeholders will all be required to move forward in a sustainable and responsible manner."
The 2010 Renewable Electricity Plan introduced the COMFIT concept to help provide a secure supply of clean energy at stable prices, build community support for renewable energy projects and create jobs.
"COMFIT offers Nova Scotia an opportunity to become a leader in renewable energy," said Mr. Parker. "Renewable energy projects such as this will help the province to move away from dirty fossil fuels and towards our legislated goal of 40 per cent renewable energy by 2020."
Eligible groups receive an established price per kilowatt hour for projects producing electricity from certain renewable resources. Projects can include wind, biomass, in-stream tidal and river hydroelectric developments. Eligible groups include municipalities, First Nations, co-operatives, universities and not-for-profit groups.
More than 25 community-based groups have submitted over 100 locally based renewable energy development proposals for this unique, made-in-Nova Scotia initiative. The province expects 100 megawatts to be produced through COMFIT.
For more information on the program, visit www.nsrenewables.ca .