Cape Sharp Tidal Awards Marine Operations Contract to Nova Scotia Company Atlantic Towing

HALIFAX, Oct. 21, 2015 /CNW/ - Atlantic Towing Limited of Dartmouth, Nova Scotia has secured a contract to provide marine tug and barge services to the Cape Sharp Tidal project. Cape Sharp Tidal is a multi-phase project with plans to grid-connect a 4MW demonstration tidal array in Nova Scotia's Bay of Fundy in the coming months.

The project could be the first of its kind in the world, helping establish a tidal industry in the Province of Nova Scotia. The project and its partners have committed to investing 70 per cent of the first phase investment spend locally to develop economic tidal capacity. Cape Sharp Tidal is working toward deploying 300MW of clean, safe, renewable power to Nova Scotians in the next decade.

The Atlantic Towing contract is the latest of several contract awards by Cape Sharp Tidal, with more than $33 million invested in Nova Scotia to-date. The agreement details specialized marine services including harbour and terminal towage, ocean and coastal towage, barging services, offshore support such as anchor installation and more. These services, as scheduled, will employ up to 28 seafarers currently working for Atlantic Towing.

"Local economic opportunities like the Atlantic Towing contract reflect our vision to build a local tidal industry, strengthen our communities and keep jobs in our province," said Chris Huskilson, President and CEO of Emera Inc. "Teaming up with local companies that have the expertise to safely get the job done is key to our success."

Highly trained and specialized crews on three Atlantic Towing tugs—the Hemlock, the Bear and the Spruce— as well as the Beaver Barge, will support the project in the strong Bay of Fundy ocean currents. In addition to anchor and cable installation, the tugs will transport both 1,000-tonne turbines on their journey from Pictou to the Minas Passage on a purpose-built OpenHydro barge, The Scotia Tide.

Once in position, the tugs will manoeuvre the barge and turbine while crews lower the turbine to the seabed and connect the cables to the Nova Scotia power grid. The subsea cables, on-shore transmission lines and power infrastructure belong to the Fundy Ocean Research Centre for Energy (FORCE) in Parrsboro.

"We're pleased to be working with the skilled crew of Atlantic Towing on the marine operations for Cape Sharp Tidal," said James Ives, OpenHydro's Chief Executive. "The company shares our commitment to safety and offers real-life experience in the Bay of Fundy that will help us achieve this ground-breaking project."

"We have safely operated in challenging sea conditions like the strong Bay of Fundy currents and tides for more than 50 years," said Gilles Gagnon, Atlantic Towing Vice President and General Manager. "Working on the Cape Sharp Tidal project is a perfect fit for our local team's expertise and capability."

Other Nova Scotia companies have come on board to provide service and expertise to the Cape Sharp Tidal project. In May, a $25-million contract was awarded to Aecon Group Inc. and Lengkeek Vessel Engineering. Two hundred and fifty Aecon employees are currently building and assembling the turbine components and barge in its facilities in Dartmouth and Pictou while Lengkeek, based in Dartmouth, earned the contract for barge design. And in July, it was announced that Chester-based Hawboldt Industries was awarded a $4.6-million contract to design and manufacture three heavy lift winches for the barge.

Atlantic Towing is a member of the Transportation and Logistics division of J.D. Irving, Limited, which provides a comprehensive range of road, rail, marine and logistics services to the global market. Atlantic Towing has been a leader in marine services for more than 50 years, bringing successful marine transportation solutions to customers around the world. With offices on the East Coast of Canada and operating locations extending from the Arctic to Trinidad and Tobago, Atlantic Towing has delivered reliable marine services through the use of modern equipment, operated and maintained by a highly skilled workforce.

About Cape Sharp Tidal Venture
Cape Sharp Tidal is a joint venture between Emera Inc. and OpenHydro, a DCNS company, with the objective of deploying a fully grid connected 4MW tidal array in the Bay of Fundy in 2015. This project has the potential to be one of the world's first multi-megawatt arrays of interconnected tidal turbines, providing energy to over 1,000 customers in Nova Scotia. More information about the project can be found online at capesharptidal.com.

About Atlantic Towing Limited
Atlantic Towing Limited is part of the J.D. Irving group of companies and operates the largest working fleet of offshore supply vessels in Canada. J.D. Irving, Limited has been doing business in Nova Scotia for over 60 years and today. Today, the organization directly employs almost 2,000 Nova Scotians in diverse operations that include shipbuilding, retail, construction, forestry and forest products as well as offshore marine services.

About OpenHydro
OpenHydro is a DCNS company specialising in the design, manufacture and installation of marine turbines generating renewable energy from tidal streams. The company's vision is to deploy turbine arrays under the surface of the oceans to produce energy silently, invisibly and with no impact on the environment. OpenHydro has achieved a number of industry firsts including being the first to deploy a tidal turbine at the European Marine Energy Centre (EMEC), the first to connect to and generate electricity from tidal streams onto the UK National Grid and the first to successfully demonstrate a method of safely and economically deploying and recovering turbines directly on the seabed. The deployment and recovery method delivers a step change in the economics of tidal energy.

OpenHydro has a project portfolio spanning Canada, France, Northern Ireland, Scotland and the Channel Islands with utility partners including Emera, EDF, Brookfield Renewable Energy Group, SSE Renewables and Alderney Renewable Energy. OpenHydro has won a number of awards for its innovations in the field of renewable energy technology.

About Emera
Emera Inc. is geographically diverse energy and services company headquartered in Halifax, Nova Scotia with $10.19 billion in assets and 2014 revenues of $2.97 billion. The company invests in electricity generation, transmission and distribution, as well as gas transmission and utility energy services. Emera's strategy is focused on the transformation of the electricity industry to cleaner generation and the delivery of that clean energy to market. Emera has investments throughout northeastern North America, and in four Caribbean countries. Emera continues to target having 75-85% of its adjusted earnings come from rate-regulated businesses. Emera common and preferred shares are listed on the Toronto Stock Exchange and trade under the symbols EMA, EMA.PR.A, EMA.PR.C, EMA.PR.E, and EMA.PR.F. Additional Information can be accessed at emera.com or at sedar.com.

About DCNS
DCNS is a world leader in naval defence and an innovative player in energy. The Group's success as an advanced technology company with global reach is built on meeting customer needs by deploying exceptional know-how, unique industrial resources and an ability to develop innovative strategic partnerships. DCNS designs and builds submarines and surface combatants, develops associated systems and infrastructure, and offers a full range of services to naval bases and shipyards. The Group has also expanded its focus into marine renewable energy. Aware of its corporate social responsibilities, DCNS is a member of the United Nations Global Compact. The DCNS Group generates annual revenues of €3.1 billion and employs 13130 people (2014 data). www.dcnsgroup.com

SOURCE Cape Sharp Tidal

Cape Sharp Tidal Media: Sarah Dawson, 902-471-4497, Community Relations Manager, Tidal, [email protected]; Atlantic Towing Limited Media: Mary Keith, 506-632-5122, Vice President of Communications, [email protected]