Legal fight over Open Hydro continues

Local businesses left holding the bag for millions of dollars worth of work installing a tidal turbine in the Minas Passage want the Irish parent company to keep its hands off its bankrupt subsidiary’s remaining asset.,, The company was the Canadian subsidiary of Irish parent OpenHydro that went bankrupt days after a massive tidal turbine was installed in the Minas Passage. The Irish company’s bankruptcy occured after French defence firm Naval Energies, which had been bankrolling the project to the tune of hundreds of millions of dollars, pulled its funding. >click to read< 12:37

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