The government has given planning consent for the construction of the world’s first tidal lagoon in Swansea Bay. The energy source will boost renewables and the UK’s move towards home-grown low-carbon energy.
Energy and Climate Change and Wales Office Minister Lord Bourne commented, “We need more clean and home-grown sources of energy, which will help reduce our reliance on foreign fossil fuels. Low carbon energy projects like the tidal lagoon in Swansea Bay could bring investment, support local jobs and help contribute to the Welsh economy and Swansea area.”
The company behind the plans, Tidal Lagoon Power, will now begin negotiate how much subsidy will be paid for the energy produced. A subsidy will ensure that the project receives a guaranteed price for its energy.
The £1 billion project is expected to provide enough clean energy to power more than 155,000 homes. It is hope that the plant, which will see a six-mile long U-shaped wall constructed in the Port of Swansea, will be operational in 2018.
Mark Shorrock, chief executive of Tidal Lagoon Swansea Bay, said, “Wales led the way providing the fuel for the industrial revolution. We are now entering the era of the climate change revolution – de-carbonising our world in time to avoid two degrees of global warming – Wales can now lead this next revolution.”
He continued, “In the run up to the Paris talks on a global climate change deal, a deal to steer global emissions from 50 billion tonnes CO2e down to 40 billion tonnes CO2e by 2030 and 20 billion tonnes by 2050, the UK and especially Wales has opened a new door to help answer the greatest challenge of our age.
“With the Swansea Bay Tidal Lagoon becoming a reality, locking in 120 year life, zero carbon energy infrastructure, we have the potential to help transform our industrial economy and the UK’s energy mix.”
Tidal Lagoon Power, unveiled plans for a series of developments earlier this year. The company has plans to build six lagoons across the UK that could meet 8% of the UK’s total electricity requirement.
Photo: Tidal Lagoon Power
We’re live on Crowdcube. To own a share in our tomorrow, click here.
Like our Facebook Page
Cultivating an Environmentally-Friendly Home
Eco-Friendly Healthcare: Five Steps for a More Sustainable Medical Practice
Embracing Profit and Long-Term Sustainability: An Undeniably Green Future
4 Eco-Friendly Tips to Maximize the Fuel Efficiency of Diesel Generators
How Your Business Can Create a More Sustainable Supply Chain
There is no Planet B: The Growing Importance of ESG
How Municipalities Can Become More Energy Efficient
The 10 Best Eco-Friendly Destinations to Visit in France
5 Incredibly Simple Ways to Make Money Streaming Eco-Friendly Content
5 Great Ways to Have a More Eco-Friendly Wedding This Year
Greta Thunberg: a True Advocate for Environmental and Women’s Rights
The Vegan Revolution: Rise of The Plant-Based Business
Here’s Why Solar Power Demand Has Accelerated Sharply
Africa Must Capitalize on Growing Interest in Sustainable Investments
Creating an Eco-Friendly Garden that is Free of Pests
How to Make Your Ecommerce Business More Eco-Friendly?
Luxury Development for The Ultra-Rich Causing Climate Change Conundrum in Barbuda
How Can Social Media Help In Promoting Sustainable Lifestyle?
4 Electric Car Maintenance Tips to Slash Your Carbon Footprint
3 Things Sustainable Companies Do for ‘Green’ Construction
- Features9 months ago
Eco-Friendly Interior Design Is Easier Than You Might Think
- Features7 months ago
Eco-Friendly Hacks To Create A Durable Shop For Your Home
- Features7 months ago
5 Simple Ways To Create A Greener And Healthier Home
- Environment10 months ago
The Benefits Of Sustainable Agriculture For Farmers