The Hendry review has rightly concluded that the development of the proposed Swansea Bay tidal lagoon should be supported. Although there are still no guarantees that it will go ahead, this is a significant step in the right direction.
Whilst the continuing development of more widely known and (generally) acceptable forms of renewable electricity generation are vitally important to the UK's energy generation, projects like the Swansea Bay tidal lagoon are also key to our energy future. Unlike wind and solar projects, it is predicted that a tidal lagoon has the potential to continue generating electricity for around 120 years. A few of these added to our energy mix will therefore provide important long term security of supply and make the most of the UK's natural resources.
Starting a new industry always brings its challenges and will inevitably require some form of financial support from the Government to get going, but I hope that this project finally gets the support it deserves. As Charles Hendry says in his report, tidal lagoons offer an opportunity for the UK to be a leader in the post-Brexit world at the same time as making the most of a valuable natural resource.
Plans for a £1.3bn tidal lagoon in Swansea Bay have been backed by a government-commissioned review.Charles Hendry's independent report into the technology's viability said it would make a "strong contribution" to the UK's energy supply.He said it was cost effective and would bring "significant economic opportunity".The UK government still needs to agree on a deal and a marine licence would also need to be approved.Mr Hendry said moving ahead with a pathfinder lagoon off the Swansea coast should be seen as a "no regrets" policy.