MPs are to press ministers on why they have left investors hanging in limbo over taxpayer support for a pioneering £1.3bn tidal lagoon in Swansea. The business, energy and industrial strategy (BEIS) committee and Welsh affairs committee will call on government to explain why no decision has been forthcoming on the flagship scheme. The government has still not indicated whether it is minded to support the lagoon, 15 months since an independent review told ministers to back the clean energy project. Tidal Lagoon Power, a Gloucester-based company, has been pushing for years to build the first of five lagoons at Swansea, to harness power from the ebb and flow of the tides. But the company needs an indication the government is prepared to negotiate a guaranteed price of power for the renewable energy it produces, akin to the ones awarded to windfarm and nuclear power station developers.
Guardian 13th April 2018 read more »