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

Subscribe to New Power for full analysis, comment, interviews and data in our monthly report, and access to our database, or sign up to our FREE e-newsletter for website updates

Not a subscriber? To see if you qualify for our next FREE TRIAL send your name, job title, and telephone number to subscriptions@newpower.info

Leave a Reply

Your email address will not be published. Required fields are marked *