BigMoon Power has been awarded its second contract with the Canadian province of Nova Scotia, which will see it provide 4MW of tidal energy, after an open competition.
The license and power purchase agreement will also give BigMoon a berth at FORCE in Nova Scotia and will pay it CAD$475/MWh.
As part of the award, BigMoon is responsible to remove a turbine abandoned at FORCE Berth D after OpenHydro and Cape Sharp Tidal Ventures went out of business. BigMoon was required to put security in place to guarantee the turbine’s removal.
Across the two contracts BigMoon now has 9MW worth of PPAs in place.
BigMoon CEO Andy Jenkins said: “Our technology was put up against some of the best in the world and we came out on top, it is a great validation for our team and our technology from the government of Nova Scotia.”
The company says that after 3 successful years of prototype testing in the Bay of Fundy it is now ready to install its first grid-connected commercial unit in the next 6 months.
“We are finalizing plans to put our first device in the water, a device that will be engineered and built in Nova Scotia with some assistance of companies from across Atlantic Canada,” added Jenkins. “Our technology has proven reliable, the government of Nova Scotia has confidence in us and we are not looking back from here.”
BigMoon was founded in 2015 and was awarded a 5MW contract with a 3-year prototyping permit from the government of Nova Scotia in 2017.
Both contracts are for 15 year terms.