Emera Inc
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Nova Scotia Power bond rating downgraded by credit rating agency DBRS MorningstarThe agency says the downgrade is due to what it calls the ``deterioration in the regulatory environment for the firm.''CanadaDec 21, 2022
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Bay of Fundy tidal site available, $4.5M to remove Cape Sharp turbine requiredThe experimental in-stream turbine at the bottom of the Bay of Fundy was abandoned in Sept. 2018, after OpenHydro declared bankruptcy.EnvironmentOct 25, 2019
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Changes to Emera Inc.’s ownership rules would allow more foreign investmentBruce Marchand, Emera's chief legal and compliance officer, says the changes will have no effect on the province's ratepayers.CanadaApr 3, 2019
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Nova Scotia revokes Cape Sharp Tidal licence, orders company to retrieve turbineThe turbine system, which was “damaged beyond repair” in September 2018, according to bankruptcy filings, has been sitting at the bottom of the Bay of Fundy ever since.EnvironmentApr 3, 2019
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Emera to sell Maine operations to Calgary corporation in deal valued at $1.8BEmera Maine is headquartered in Bangor and serves 159,000 customers in the northern part of the state.EconomyMar 25, 2019
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Nova Scotia issues permit for new tidal energy project in Bay of FundyThe Department of Energy and Mines has issued a marine renewable energy permit to Black Rock Tidal Power allowing it to test a 280-kilowatt floating platform for up to six months.EnvironmentSep 19, 2018
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Tidal turbine in the Bay of Fundy will be monitored: OpenHydroOne of the companies behind the now defunct Cape Sharp Tidal turbine in the Bay of Fundy says it has brought it workers from Ireland to ensure the huge underwater generator is properly monitored.CanadaSep 4, 2018
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Bay of Fundy turbine not in compliance with environmental assessment: N.S. energy ministerDerek Mombourquette says required environmental monitoring isn't being done, as the massive turbine still sits active in the water.CanadaAug 23, 2018
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Emera Inc. left with no ‘practical choice’ but to pull support from Cape Sharp Tidal projectThe decision comes weeks after the company's partner OpenHydro Ltd., filed for liquidation, a move that Emera says was "shocking."CanadaAug 13, 2018
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Experts say Nova Scotia’s tidal energy ambitions won’t end despite project setbackThe key backer of Nova Scotia's Cape Sharp Tidal pulled its funding.CanadaJul 30, 2018
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