Plans for a £1.3 billion tidal lagoon power generation project in Swansea Bay have been ditched after the government confirmed it would not back the scheme
Energy secretary Greg Clark said the government would not be providing funds for Tidal Lagoon Power’s Swansea Bay scheme nor five other planned tidal projects, due to concerns over value for money.
Tidal Lagoon Power’s proposed 320MW project in Swansea Bay would have generated electrical power from the sea’s tidal force, using 16 turbines installed on a 10km-long breakwater.
Among those involved in the scheme is London-based Juice Architects, which revealed its design for an offshore visitor centre for the project in 2014 and FaulknerBrowns, which has drawn up plans for an associated 4,000m² watersports centre and oyster hatchery.
LDA Design created the lagoon’s masterplan.
Speaking in the Commons yesterday, Clark said: ’The conclusion of our analysis is the project and programme of the tidal lagoons planned do not meet the requirements for value for money, and so it would not be appropriate to lead the company to believe that public funds could be justified.’
The £1.3 billion project was handed planning approval three years ago by then energy secretary Amber Rudd (see AJ 11.06.15), but Tidal Lagoon Power has been unable to agree a strike price – the money the government pays for each unit – since then.
Clark said it would be ‘irresponsible’ for the government to enter a contract with Tidal Lagoon Power over schemes which he claimed would cost taxpayers and consumers more than other low-carbon energy sources, such as offshore wind and nuclear.
Juice Architects Swansea
The Swansea Bay scheme was to be the first of five UK tidal projects planned across the country. Others included a major facility across Cardiff Bay and one at Colwyn Bay.