TIDAL energy developer Atlantis Resources has secured a feed-in-tariff agreement in Canada.

The company confirmed it will receive £292 per megawatt hour generated for the 4.5MW scheme it hopes to deploy at the Fundy Ocean Research Center for Energy (FORCE) in Nova Scotia, Canada.

Atlantis, which is also developing the MeyGen tidal array in the Pentland Firth off Caithness, said its subsidiary Atlantis Operations (Canada) has started negotiating on a 15-year power purchase agreement with network operator Nova Scotia Power.

Once concluded that will see Atlantis install up to three of its AR-1500 turbines at FORCE.

Tim Cornelius, Atlantis chief executive, said: "We are delighted that the Nova Scotia Government has chosen to make this substantial award to Atlantis.

"This is another crucial milestone in our Canadian project plans, following our SDTC grant award and award of a lease at the FORCE facility earlier in the year.

"Having also reached financial close on the first phase of our MeyGen project in Scotland, we are building momentum on our projects around the world, realising our goal of bringing cost effective clean energy to market at commercial scale - on both sides of the Atlantic."