The projectdeveloper, Ocean Power Renewable Corporation (ORPC), has become a force in the city since arriving a few years ago with the intention of harnessing the ferociously powerful tides in Cobscook Bay, which can rise and fall 20 feet twice a day.
If, on the other hand, the recession forced a tax equity partner to withdraw from a project already under construction, the projectdeveloper would be saddled with a major financial problem, with construction costs already committed to the project but a key financial backer now absent.