The Swansea Bay Tidal Lagoon has been delayed for a minimum of a year while the UK Government break to agree the size of its proposed subsidy.
In addition, the project is still subject to an ongoing investigation regarding its whether the decision to offer the contract to a Chinese state company is just.
Despite this, Tidal Lagoon has has advised that it is still working hard to get the project together as quick as possible.
“Next month marks the conclusion of the Advanced Works Phase with our preferred construction partners,” a spokesperson for the company advised, “All detailed design and pricing work is drawing to a close and our integrated construction programme is fully mapped out. Which means we’ll be ready to build as soon as the remaining permissions have been secured and financial close with investors is achieved.”
Following the announcement the Department of Energy & Climate Change stated: “Tidal Lagoon Power are seeking a significant amount of financial support from consumers for their proposed project in Swansea Bay and we need to carefully consider whether it is in the best interest of bill payers.
“At present there is no timeframe for how long the negotiation process for Swansea Bay tidal lagoon may take. It depends on a number of factors, many of which are outside the control of the government.”
Categories: Natural Energy Wyre News