17 Jul '14, 8am

Making the case for UK tidal lagoon development: National roll-out of tidal lagoon infrastructure would contri...

A newly released macroeconomic impacts study finds that a national fleet of six tidal lagoon power plants would contribute £27 billion to UK GDP over the investment period 2015-2027. The study, “The Economic Case for a Tidal Lagoon Industry in the UK’, Cebr,was conducted by the Centre for Economics and Business Research. The report examined Tidal Lagoon Power’s plans to build six tidal lagoons in the UK – the first of which, if granted the relevant permissions, will commence construction in Swansea Bay next spring. The aggregate UK content for Swansea Bay is currently estimated at 71%, with almost 50% of total content being sourced in Wales itself. In operation, the fleet could potentially supply 8% of the UK’s electricity and make an annual contribution of £3.1 billion to UK GDP over the 120-year design life of the plant. Exports of up to £70bn could be secured by exploit...

Full article: http://www.renewableenergyfocus.com/view/39345/making-the...

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