Swansea Bay Tidal Lagoon gets green light
The application for the Tidal Lagoon Swansea Bay proposal has had the go ahead from the Planning Inspectorate.
Once built, turbines in the proposed six-mile horseshoe shaped sea wall around Swansea Bay in Wales could generate around 500GWh per year of low carbon electricity.
However, separately from the planning consent, the project is subject to Contract for Difference (CfD) negotiations to establish whether a tidal lagoon at Swansea Bay is affordable and value for money for consumers. Any decision to offer a CfD for the project will be subject to strict value for money considerations and affordability, and to State aid approval.