Swansea tidal lagoon plan revived through PPAs

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

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.

List of the country updates

Country updates

  • 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...

    Read more
  • 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-...

    Read more
  • 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...

    Read more
  • 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...

    Read more
  • 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.

    Read more

Share this update