Just days after the government scrapped plans for a world-leading renewable energy source, tidal lagoon in Swansea Bay, we have uncovered plans for an even larger tidal lagoon off the coast of North Wales.
Although still in the early stages of development, North Wales Tidal Energy & Coastal Protection (NWTE), the company creating this proposal claim the £7bn project could generate enough clean energy to power one million homes.
The proposed plans could see the lagoon stretch across the entire northern Welsh coast and be operational within a decade.
A tidal lagoon is a sea-based power station that creates electricity from the rise and fall of tides. A sort of enclosure is built on an active area of coastline where large volumes of water are collected and then released to drive turbines and generate electricity.
The proposed Swansea lagoon project, which was valued at £1.3bn, was rejected by the government due to a lack of value despite developers Tidal Lagoon Power making a revised cheaper offer. Business and Energy Secretary Greg Clark said: “Securing our energy needs into the future has to be done seriously and, when much cheaper alternatives exist, no individual project, and no particular technology, can proceed at any price.”
Clark estimated the lagoon would cost the average British household an additional £700 between 2031 and 2050. But critics claim the figures are wrong. The scheme also had £200m backing from the Welsh Government.
Deputy Green Leader, Amelia Womack, said: “This is a bitter, dismal day for Wales and our clean energy future.
“Once again, we have seen that the Westminster Government has no vision for what a fossil-free future will look like.”
To date, North Wales Tidal Energy’s project has been funded by private investors but they seeking to raise £20m to reach the next stage of development.
Mr Dixon said: “Our immediate task is to raise funds and resources to carry out a full feasibility assessment of the north Wales tidal lagoon
Adding: “This would create a significant number of highly-paid and highly-skilled jobs that would be much in demand globally as worldwide interest in predictable renewable technologies grows
“And a north Wales tidal lagoon would be a major visitor attraction in its own right with a visitor centre and marine facilities being incorporated in its design.”