The first minister has offered cash to help kickstart plans for a £1.3bn tidal lagoon energy project in Swansea Bay. Carwyn Jones said the Welsh Government would offer a “substantial” investment, but did not say how much. He accused the UK government of “dragging its heels” over the scheme, nearly a year since an independent review recommended it be backed. The company behind the scheme is trying to agree a subsidy with UK ministers for the electricity it would generate.
BBC 10th Jan 2018 read more »
The Welsh government has offered to make a “substantial” equity or loan investment in the Swansea Bay Tidal Lagoon if it secures approval from Whitehall. The £1.3 billion project has been on hold after efforts to convince the British government to support its construction failed. The Welsh government did not put a value on its offer, though industry sources suggested that it could be several hundreds of millions of pounds. In a letter to Theresa May, published yesterday, Carwyn Jones, the Welsh first minister, said it was “highly regrettable” that the government had yet to take a decision on the project.
Times 11th Jan 2018 read more »
Business Green 10th Jan 2018 read more »