The Secretary of State for Energy and Climate Change has asked me to lead the independent review into the feasibility and practicality of tidal lagoon energy in the UK. I am seeking evidence and representations that will form the evidence base for the Review.
The Terms of Reference can be found here. In summary, the review will cover:
- An assessment of whether, and in what circumstances, tidal lagoons could play a cost effective role as part of the UK energy mix;
- The potential scale of opportunity in the UK and internationally, including supply chain opportunities;
- A range of possible structures for financing tidal lagoons;
- Different sizes of projects as the first of a kind;
- Whether a competitive framework could be put in place for the delivery of tidal lagoon projects.
My review is not targeted at any particular project but, in considering these issues, I am mindful that Tidal Lagoon Power Ltd, the proposed developers of Swansea Bay Tidal Lagoon, are in ongoing discussions with government about the terms of a potential Contract for Difference that might support the financing of the project. However, I nonetheless wish to receive evidence from both Tidal Lagoon Power Ltd and others about the costs, benefits and opportunities of tidal lagoons.
I am also seeking evidence of other potential sites, developers and opportunities, and the feasibility and practicalities of a wider UK tidal lagoon programme including, but not limited to, environmental and grid issues, navigation and ports impacts, supply chain and export opportunities and financing arrangements. My team will notify any suitable opportunities for round-table meetings or discussions to those interested. Please register any interest using the contact details below. In addition to this call for evidence and associated visits and any necessary meetings, I will be consulting with relevant Government departments and with the devolved administrations throughout the Review.