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Row over Swansea tidal power plans set to reignite
As MPs scrutinise the Sweansea tidal power project’s costs a rival developer claims its project could be half the price. Developer Tidal Lagoon Power is braced for questioning from a joint select committee hearing which hopes to thrash out the reasons behind a five year political stalemate over whether to support the £1.3bn project. The welsh affairs committee chairman said there are serious questions about the value for money of the project, and its environmental impacts, even after the project won favour in an independent review by former energy minister. The Swansea plan has the backing of many Welsh MPs who believe the clean power project, and a proposed venturenear Cardiff will bring an economic boom to the area. But others have balked at the developer’s call to be paid £89.90 for every mega-watt hour of electricity produced from the relatively untested technology over its entire 90-year lifespan. Dale Vince, the green industrialist behind Ecotricity, claims that his projects at Solway Firth in Scotland will have superior economics and the same generation capacity as Swansea.
Abstract details
Websites:
https://www.telegraph.co.uk/business/2018/05/08/row-swansea-tidal-power-plans-set-reignite/
Journal title: Daily Telegraph
Keywords: Tidal Energy
Countries: Wales -
Subjects: Tidal Power