Ministers are facing urgent calls from UK-based manufacturers to give the go-ahead to a £1.3bn tidal power project in Swansea Bay, ahead of a long-awaited review that could make or break the fledgling industry. More than 20 industrial companies employing more than 42,500 people are pressing the government to back tidal lagoon technology, arguing it could be a crucial contributor to Britain’s energy needs, as well as a vital source of manufacturing jobs. The companies, including Sheffield Forgemasters, the steel and engineering company, plus the British arm of General Electric, are awaiting the publication of the Hendry Review, which was set up by the government in May last year to assess the case for tidal lagoon projects.
FT 9th Jan 2017 read more »
Plans for a pioneering tidal power lagoon in Swansea Bay are expected to be supported by a government-commissioned report this week, potentially unlocking a multibillion-pound series of projects harnessing electricity from the rise and fall of the tide around the UK. When ministers last year ordered a review to see if the technology could affordably provide green energy to the UK, it was widely seen as a way to kill off an ambitious project at Swansea proposed by Tidal Lagoon Power. But when the independent review by former energy minister Charles Hendry is published on Thursday, sources told the Guardian it will be broadly positive towards the £1.3bn prototype plan.
Guardian 10th Jan 2017 read more »