Wales Decalres Tidal Lagoons as Good Option

The 2014 Project Pipeline Update to the Wales Infrastructure Investment Plan notes the potential for tidal lagoons to bring up to £5bn of private sector investment to Wales.

The Swansea Bay Tidal Lagoon has also been named in the National Infrastructure Plan 2014, published by HM Treasury ahead of the Chancellor’s Autumn Statement.

Chief Executive, Mark Shorrock commented: “It’s another positive step towards tidal lagoon infrastructure becoming a mainstream energy solution. The Swansea Bay Tidal Lagoon provides the key to unlock large quantities of reliable, low cost, low carbon electricity for the next 120 years. 

“Backing the Swansea Bay Tidal Lagoon also means backing a catalyst for British industry and exports, a new option for strategic flood defences, an opportunity to regenerate coastal communities and a vision for national energy infrastructure that can work hand-in-hand with nature.”  

[mappress mapid="14920"]

Press release; Image: Tidal Lagoon Swansea Bay

Related news

List of related news articles

Posted: 7 months ago

Energinet Seeks Heli Services Provider

Danish transmission system operator Energinet has issued a tender searching for a provider of offsho...

Categories:
  • Business & Finance
Posted: 7 months ago
Posted: 7 months ago

Boskalis Appoints New CFO from Within

Royal Boskalis Westminster N.V. has nominated Carlo van Noort to be appointed as Chief Financial Off...

Categories:
  • Business & Finance
Posted: 7 months ago
Posted: 7 months ago

Northwester 2 Reaches Financial Close

Northwester 2 has reached the official close of financial agreements with all key stakeholders and b...

Categories:
  • Business & Finance
Posted: 7 months ago
Posted: 7 months ago

DEME Group to See CEO Switch in 2019

DEME Group has selected Luc Vandenbulcke to succeed Alain Bernard as CEO, effective from 1 January 2...

Categories:
  • Business & Finance
Posted: 7 months ago