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Government seeks views on a new contract negotiation process for Swansea Bay Tidal Lagoon project

Views are being sought from stakeholders on the approach the government would take if it decides to enter into Contract for Difference (CFD) negotiations for the Swansea Bay Tidal Lagoon project in South Wales.

This is part of the Government’s drive for transparency and engagement with stakeholders in developing new arrangements for applying for a bespoke CFD.

As set out in the National Infrastructure Plan published in December 2014, we are exploring the potential for a future lagoon programme. As part of this, we are starting closer discussions with Tidal Lagoon Power Ltd to establish whether a potential tidal lagoon project at Swansea Bay would be affordable and provide value for money for energy consumers.

The proposed six-mile horseshoe shaped sea wall scheme, which would generate around 0.5 TWh per year, enough to power almost 120,000 homes, is currently being considered by the Planning Inspectorate.

Policy milestone details

Start date: 2015-1-23

Keywords: Tidal - Climate change - low-carbon energy

Countries: UK -

Milestone source: Swansea Bay Tidal Lagoon: potential support for the project through the CFD mechanism

Milestone type: Consultation/call for evidence

Sector: Heat and power generation - Renewables -

Organisation: Department of Energy and Climate Change

Subjects: Renewables, Tidal Power, Energy policy