25 Jun '18, 7pm

UK Government Pulls Support for Swansea Bay Tidal Lagoon Project

UK Government Pulls Support for Swansea Bay Tidal Lagoon Project

MP Gregory Clark, who is also the Britain's secretary of Business, Energy and Industrial Strategy, said in the end, the £1.3 billion ($1.7 billion) project was not a value for the money. Speaking in the House of Commons, Clark said , "The inescapable conclusion of an extensive analysis is that however novel and appealing the proposal that has been made is...the costs that would be incurred by consumers and taxpayers would be so much higher than alternative sources of low carbon power, that it would be irresponsible to enter into a contract with the provider. "Securing our energy needs into the future has to be done seriously and, when much cheaper alternatives exist, no individual project, and no particular technology, can proceed at any price. That is true for all technologies. " The project's developers, Tidal Lagoon Power, had hoped Swansea would be the first in a serie...

Full article: https://www.renewableenergymagazine.com/ocean_energy/uk-g...

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