Swansea tidal lagoon 'will still happen'
The Swansea tidal lagoon will still happen despite delays, the man who conducted an independent review into tidal energy has predicted. Charles Hendry backed the £1.3bn project in his government-commissioned review published in January 2017. The UK Government is yet to give the go-ahead, but the Welsh Government has said it will offer "substantial investment".
From article, ("I think the easiest thing for a government would have been to say quite early on in the process of reviewing my conclusions, to say we've looked at it alongside our other priorities, and this really isn't the time to do it - they haven't done that," he added.
"We've had distractions such as a general election, ministerial changes. So inevitably, it has taken the government some time to reach its conclusions, but I still think the case is compelling."
Critics of the project argue it is too expensive, and will tie bill-payers into topping it up for almost a century, even though new technologies are likely to have emerged by then.
The developers want the government to guarantee the price paid for electricity from the lagoon over a 90 year period - a much longer contract than usual.
It would start at £123 per megawatt hour - higher than the £92.50 offered to the Hinkley Point C nuclear plant in Somerset - but reducing over time.
It averages out at £89.90 per megawatt hour over the length of the contract - but given that the lagoon is predicted to keep generating for up to 120 years it would be producing free power for the grid for the last 30 years.
Critics say other more established renewable schemes like wind and solar are already much cheaper and so the priority should be given to them.
Even if the finances are sorted, developers still need a marine licence to build it.
Much of the delays over the scheme's approval have been over whether it will provide "value for money".
But Mr Hendry said the £1.3bn cost would equate to "less than 50p a year" per household and it would "be some of the cheapest power" the UK would ever have, once the original capital investment has been paid off.
However, that is expected to take half of the lagoon's lifetime, which could be more than 120 years.
"I still think the case is compelling. And I think this is something that future generations will say 'thank you for doing it, Wales has led the world'.")
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