Posted on: 17/07/2018
The developer behind plans for the Swansea Bay Tidal Lagoon has accused the UK Government of publishing a statement that was “designed to mislead”.
The Department for Business, Energy & Industrial Strategy (BEIS) said last month that the project did not offer value for money because it would cost £1.3 billion over 60 years, compared to £400 million for offshore wind farms with the same capacity.
But, following an audit, Tidal Lagoon Power hit back, saying BEIS’s statement was a “manifest distortion of the truth”.
Keith Clarke, Chair of Tidal Lagoon Power, said: “The audit demonstrates that the figures employed by BEIS to support its position on tidal lagoons are inaccurate by orders of magnitude, which raises serious questions about the approach taken and the conclusions drawn.”
Clarke added: “BEIS’s inaction is still holding up tidal lagoons.
“The department has not released a full and thorough value-for-money assessment for Swansea Bay Tidal Lagoon, has not responded to the Hendry Review of tidal lagoons, and has continued to ignore our requests to meet with ministers for a fuller explanation of the position and approach taken.
“This is irresponsible and obstructs our appraisal of the options available to bring further funding into the business and to work up alternate approaches for delivering a pathfinder tidal lagoon at Swansea Bay without the award of a Contract for Difference from the UK Government”.