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OpenHydro fate uncertain ; Can new investors be found?

by admin | Aug 21, 2018 | Blog, court, Emera, Energy Innovation, OpenHydro, Renewable Energy, Tidal Power

An emergency session involving the fate of OpenHydro was held in the Irish High Court today, presided over by Judge McDonald. “Well it is an emergency when a company’s survival is at stake,” said a source close to the situation, in an afternoon phone...

OpenHydro’s Liquidation not a shock to executives: Business Post

by admin | Aug 18, 2018 | Blog, Energy Innovation

OpenHydro, the tidal energy development firm that made it’s third dunk to the bottom of the  high flow Minas Passage in the Bay Of Fundy last week, has been embroiled in a series of disputes over the last two years according to today’s Business Post...

OpenHydro rescue bid launched by minority shareholders to keep company alive

by admin | Aug 17, 2018 | Blog, court, Electricity Grid, Emera, Energy Innovation, OpenHydro, Renewable Energy, Tidal Power

In the Irish High Court today, Ms. Justice Miriam O’Regan heard there’s a chance Irish based OpenHydro can survive, with a restructuring plan and new investment, according to an independent report. That’s why, on August 17, even though she noted the...

Emera Announces withdrawal from Cape Sharp Tidal venture

by admin | Aug 13, 2018 | Blog, Energy Innovation, Tidal Power

In a statement earlier today, Halifax Headquartered Emera, announced it’s intention to pull their involvement in Cape Sharp Tidal. Cape Sharp is a joint venture with Irish based OpenHydro, the 80% partner, that is now in the process of being liquidated, because...

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