Up In Smoke: UK Govt Throws Out £1.3 Billion Renewables Energy Project

Up In Smoke: UK Govt Throws Out £1.3 Billion Renewables Energy Project

http://www.thegwpf.com/up-in-smoke-uk-govt-throws-out-1-3-billion-renewables-energy-project/

Plans to build the world’s first tidal power lagoon have been thrown out by the UK government. Ministers said the £1.3bn project was not value for money, despite claims by developers Tidal Lagoon Power (TLP) a revised offer made it cheaper. The scheme off Swansea Bay also had £200m backing from the Welsh Government and support from the Wales Pension Partnership. But the UK government said it would not pay TLP the fee it wants for energy. However, TLP claimed no talks have taken place for more than a year and supporters of the project have vowed to do what they can to make it a reality. Business and Energy Secretary Greg Clark told the Commons: “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.” Full story

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