Company hopes to start producing energy by 2018 – Swansea Bay lagoon could be first of five in Britain.
The first stage of a £12bn scheme to build a series of tidal energy plant in Britain starts today as a planning application is submitted for the world’s largest power-generating lagoon in south Wales. The promoters want to follow up an initial £850m project for Swansea Bay with fourteen larger lagoons with a capacity of 7,300MW – enough to meet 10% of Britain’s electrical needs. Tidal Lagoon Power has put in a development consent order under the Planning Act 2008, but must persuade the government to provide subsidies of £156 per MW/h – even more than that going to offshore wind farms.
“Our intention is to supply 10% of the UK’s domestic electricity by building at least five full-scale tidal lagoons in UK waters by 2023, before the UK sees any generation from new nuclear,” said Mark Shorrock, chief executive of Tidal Lagoon Power, who has launched successful wind and solar schemes. If given the go-ahead for planning and the subsidies, construction is due to begin in the first half of next year, with the first power being generated in 2018.
From The Guardian 7th February 2014