He was once dubbed “the king of mining”, but now deal-maker Ian Hannam is throwing his weight behind renewable energy with an investment in tidal power. Just weeks after ministers dashed hopes for the £1.3bn Swansea Bay tidal project, the former JP Morgan rainmaker and special forces soldier confirmed that he is poised to plough millions into Tidal Electric’s rival project. He will join backers including Dale Vince, the controversial green industrialist who founded Ecotricity. The collapse of Swansea Bay, after four years of government deliberations, is expected to give way to a new project near the Scottish border which it is claimed could be built for little more than half the price.
Telegraph 21st July 2018 read more »
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