An £8bn plan to build Britain’s first full-scale tidal lagoon power project in Cardiff is moving ahead even as government approval for the controversial technology hangs in the balance. For over two years the developers of the Swansea Bay Tidal Lagoon have waited for a decision on whether to support the relatively untested technology. This week, in a show of confidence, the group will confirm a milestone agreement with National Grid to connect the full-sized follow up programme planned for Cardiff. The grid deal is partly designed to pile pressure on the Government to shake it from its paralysis over whether to support tidal power, which faces controversy over steep upfront costs. Mark Sharrock, the chief executive of Tidal Lagoon Power, is hoping for a government contract that secures the £1.3bn Swansea project a revenue stream of £89.90 per mega-watt hour of electricity delivered to the grid for its entire 90-year lifespan. In return, he has promised that costs for the Cardiff follow-up project will fall to lows of between £60-£70/MWh as it benefits from lower supply-chain costs.
Telegraph 9th Sept 2017 read more »