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INDUSTRY UPDATE


SWANSEA BAY – HARNESSING THE POWER OF THE TIDES


In late 2015 our magazine produced a major feature on the planned Swansea Bay Tidal Lagoon project.


As we reported at the time at 320MW installed capacity it would be the largest marine energy development in the world and have an entirely predictable 495GWh output each year of clean, green electricity which would power more than 155,000 homes for 120 years – that’s about 11% of Wales’ domestic electricity. Early in 2017 the Government gave the green light to move this ambitious project forward by releasing the results of a study carried out by the former Energy Minister Charles Hendry. We therefore feature a selection of comments from the leaders in the industry commencing with RenewableUK.


OFFICIAL REPORT HIGHLIGHTS GROUND-BREAKING POTENTIAL


RenewableUK welcomed a review of the benefits of tidal lagoon energy. Energy Minister Charles Hendry said tidal lagoon


PAGE 04


technology can deliver a secure supply of energy for a price that’s competitive in the long term – the equivalent of the cost of a pint of milk per household per year. He added that tidal power is a completely predictable source of energy. Tidal Lagoon Power, the company which secured planning consent in 2015 aims to begin construction within a year of getting a final green light after the successful conclusion of negotiations with Government.


RINGING ENDORSEMENT


RenewableUK’s Chief Executive Hugh McNeal commented: “It’s great to have this ringing endorsement of innovative technology and modern industry. The world’s first tidal lagoon in Swansea Bay can provide power for our national energy needs and create local jobs for decades to come. Government should finalise


www.wavetidalenergynetwork.co.uk


Juliet Davenport, Chief Executive and founder of 100% renewable electricity company Good Energy, which was one of the first investors in Swansea Bay Tidal Lagoon, enthused: “By kicking off a British tidal lagoon industry we are presenting the world with another awesome low carbon option, and its British know-how that will be called upon should other countries look to take up that option.


negotiations so that work can start on this important infrastructure project as soon as possible.


This is a new growth sector with huge potential to bring industrial- scale economic opportunities to the UK. Each new tidal lagoon will drive down costs due to economies of scale, benefitting consumers, as well as strengthening the security of our energy supply.”


AWESOME LOW CARBON OPTION


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