EnergyBC: Tidal Power - 2 views
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his is somewhat balanced out by long plant lives of 100 years for the actual barrage structure, and 40 for the equipment, as well as low operating costs.
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An estimate is given by researcher Eleanor Denny. Denny estimates that in order for a facility to be profitable, its capital cost should be less than €530,000 (~$700,000 USD) per MegaWatt which with the current technology is not a realistic goal, meaning that so far the industry produces negative net benefits.50
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Canada's Race Rocks site, where a single turbine generator converts 65 kW of energy, cost $4,000,000.54 This figure was met with $3,000,000 investment from project partner EnCana's Environmental Innovation Fund, and a grant of just under $1 million awarded to Pearson College and their partners in the project.
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