Tag Archives: failed turbine project
OpenHydro sought over $17 million in tax credits for failed turbine project
The company that placed a 13,000-tonne-turbine at the bottom of the Minas Passage then sought creditor protection has applied for $17,807,391 worth of tax credits. An affidavit filed with the Supreme Court of Nova Scotia on behalf of Open Hydro Technologies Canada Ltd. states that company has filed for $7,360,751 in provincial tax credits under the scientific research and experimental development program for the fiscal years 2015 and 2016. The company also claims to have filed for $6,318,954 worth of the same credits at the federal level. >click to read<15:26
