Welsh government offers cash to kick-start Swansea tidal project

Welsh first minister Carwyn Jones has committed to providing further investment to kick-start the Swansea Bay Tidal Lagoon and is calling on the UK government to give the project the green light.

Jones has sent a letter to prime minister Theresa May, offering to cover some of the tidal lagoon’s capital costs and urging the UK government to give the project the go-ahead.

He said: “This would be the world’s first tidal lagoon power plant, which would create thousands of high quality jobs, supply a significant proportion of the UK’s energy needs and position Britain as a world leader in a new global industry.

“And, yet, the UK government has been dragging its heels for over a year. This is leading to a growing sense of frustration among the Welsh business community and an increasing risk that the lack of a decision will turn into a decision not to proceed.

He added: “Now is the time for the UK government to stop stalling and get on with agreeing a strike price so we can make this transformative project a reality.”

Related content:

Swansea’s tidal lagoon – how does it work and where are the costs?

Questions over Swansea Bay lagoon must not delay other tidal power opportunities, say developers

OPINION: Tidal power can help cut carbon emissions

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