Industrial heavyweights have turned their back on the Swansea Tidal Power project as the countdown begins on a one-year stay of execution for its embattled developer. Tidal Lagoon Power has lost three of its high-profile backers from the board, including billionaire industrialist Sanjeev Gupta who is pursuing a rival tidal project with Simec Atlantis. The boardroom exodus took place over the summer amid a make-or-break debt deal which sets the clock ticking on a bid to keep the company afloat.
Telegraph 22nd Sept 2018 read more »