Swansea tidal lagoon plan revived through PPAs
The company behind the pioneering project to harness the tidal energy off the coast of Welsh through the Swansea tidal lagoon project proposes to build the facility within 6 years even without support from the government.
Last year, the government rejected subsidies for the project on the grounds that it was costly.
Swansea-based Tidal Power plc points major companies such as Property company Land Securities, Cardiff airport and developer Berkeley Group as prospects to sign power purchase agreements. With enough PPAs by the end of the year, the company can enable final investment decision in early 2020. If the timetable is met, the facility would generate electricity in 2024 or 2025.
The backers of the project also expects additional floating photovoltaic solar panels to boost electricity generation. The addition of the solar facility will increase the projects annual energy by more than third, up from 572 MWh. Because of this, the facility can now power 150,000 homes to about 770 GWh.
Country updates
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February 02, 2019
Suez to refinance energy-from-waste concession in Suffolk
Suez has proposed to refinance an energy-from-waste (EfW) facility in Great Blakenham, located in Suffolk, eastern England. The facility was designed, built and is operated by Suez under a 25-yea...
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January 31, 2019
Ørsted completes 20 MW Carnegie Road battery storage project
Ørsted has completed the development of its 20 MW Carnegie Road battery storage project located in Liverpool, UK. The facility is the Ørsted’s first stand-alone, large-...
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January 31, 2019
Anesco partners with Shell New Energies on battery storage project
UK renewable energy company Anesco is to partner with Shell New Energies, a division of Shell that invests in new and fast-growing segments of the energy industry, on a battery storage project at the...
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January 31, 2019
33 MW UK wind project begins first generation
Mynydd y Gwair Wind Farm has started generating renewable energy for the first time. The 16 turbine wind farm, located between Ammanford and Clydach, is expected to produce enough renewable electricit...
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January 30, 2019
BayWa r.e. to manage 60 MW solar projects for Octopus Investments
BayWa r.e. has announced that it has secured a contract for the operations and maintenance (O&M) of thirteen UK solar farms on behalf of Octopus Investments.
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