Plans for Swansea Bay’s groundbreaking tidal power project have been revived with its backers claiming it can be built without public financial support.
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Swansea Bay tidal lagoon
Latest in Swansea Bay tidal lagoon
Swansea Bay City Region has called upon the private sector to lead the development of the Swansea Bay Tidal Lagoon project.
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The economic benefits of Tidal Lagoon Power’s (TLP) programme would not have outweighed the most optimistic estimates of the additional costs for electricity customers if it had been built, according to government correspondence published on Friday (19 October).
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A “Tidal Lagoon Taskforce” has convened in Wales to enable local and national authorities, as well as community and business leaders, to consider the full suite of options for financing and delivering Swansea Bay tidal lagoon independent to Westminster.
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Analysis
The developer behind plans to build a £1.3 billion tidal lagoon plant in Swansea Bay has accused the government of distorting figures used to justify its decision not to back the scheme.
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The government has announced it will not support the £1.3 billion Swansea Bay tidal lagoon project. What does this mean for tidal lagoon power? David Blackman investigates.
Analysis
The government will not back plans for Swansea’s pioneering tidal lagoon power plant based on figures showing that nuclear and offshore wind can generate the same amount of electricity at a third of the cost.
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Principality's local authorities' retirement investment fund backs £1.3 billion tidal project in principle.
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Labour has called for no trade-off between government backing for a nuclear power station in north Wales and a pioneering tidal lagoon plant in Swansea.
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