Published: Thursday, 11th June 2015
Ministers have granted planning approval in the shape of a Development Consent Order for the construction of the world’s first tidal lagoon at a site in Swansea Bay.
If built, turbines in the proposed six-mile horseshoe shaped sea wall around the bay could generate 320 megawatts of power.
The £1bn project still requires a marine licence from Natural Resources Wales and crucially, agreement with the Department of Energy and Climate Change over the price of electricity produced by the scheme under the administration’s Contract for Difference regime.
Energy and Climate Change and Wales Office Minister Lord Bourne said: “Low carbon energy projects like the tidal lagoon in Swansea Bay could bring investment, support local jobs and help contribute to the Welsh economy and Swansea area.”
The developer, Tidal Lagoon (Swansea Bay) plc, is considering a number of other similar projects off the UK coast including near Cardiff and Newport.
The scheme has been welcomed by the two local planning authorities involved, the County and City of Swansea and Neath Port Talbot County Borough Council.
Swansea council leader Rob Stewart said the tidal lagoon could lead to a new industry “right on our doorstep that could potentially create a new export market in Swansea”.