British Industry guaranteed central role in tidal lagoon turbine production
- The majority of large turbine components to be made in Britain
- All generators to be made in Britain
- All turbines to be assembled at a new Welsh facility
- British industrial operations to scale by six times by 2018
British industrial components and expertise will be at the heart of tidal lagoon turbine production following the appointment of General Electric and Andritz Hydro as preferred bidders to the £1 billion Swansea Bay Tidal Lagoon project.
Mark Shorrock, CEO at Tidal Lagoon Power: "Tidal lagoons will employ British industry to harness a British natural resource and return profits to British institutions. We are now well placed to meet the targets we set ourselves for 50% of the capital expenditure for the Swansea Bay Tidal Lagoon to stay in Wales, rising to 65% for the UK as a whole. The project will lay the strongest possible foundations for a brand new industry in which Britain can lead the world.”
For the full press release please visit our News page.
InfraRed Capital Partners named as final Institutional Equity Investor
InfraRed has been named as the final institutional equity investor in Tidal Lagoon Swansea Bay. The investment, equalling that of Prudential last October, confirms full equity funding from two British institutions. For full press release visit our News page.
TLSB Awarded Highly Commended at RTPI Wales Planning Awards 2014
Six projects were shortlisted for this year's RTPI Cymru Planning Awards. With TLSB being recognised by industry for the standard of its pre-application public consultation and extensive enagement programme. Applying innovative consultation techniques to the planning process in Wales. For full details on the 2014 Wales Planning Awards visit RTPI Cymru.
Tidal Lagoons Featured in Wales Infrastructure Investment Plan and National Infrastructure Plan 2014
The 2014 Project Pipeline Update to the Wales Infrastructure Investment Plan notes the potential for tidal lagoons to bring up to £5bn of private sector investment to Wales.
The Swansea Bay Tidal Lagoon has also been named in the National Infrastructure Plan 2014, published by HM Treasury ahead of the Chancellor’s Autumn Statement.
Chief Executive, Mark Shorrock commented: “It’s another positive step towards tidal lagoon infrastructure becoming a mainstream energy solution. The Swansea Bay Tidal Lagoon provides the key to unlock large quantities of reliable, low cost, low carbon electricity for the next 120 years.
“Backing the Swansea Bay Tidal Lagoon also means backing a catalyst for British industry and exports, a new option for strategic flood defences, an opportunity to regenerate coastal communities and a vision for national energy infrastructure that can work hand-in-hand with nature.”
LDA Design wins big at the Landscape Institute Awards
Independent design, environment and sustainability consultancy, LDA Design received the President’s Award – the overall top prize at the Landscape Institute Awards and also won the Strategic Landscape Planning category for their work on Swansea Bay Tidal Lagoon, the World’s first man-made energy-generating tidal lagoon. For full press release visit our News page.
Tidal Lagoon Swansea Bay - A Level and GCSE Geography resource
Tidal lagoon Swansea Bay has been working together with Olchfa Comprehensive School to create an A Level and GCSE Geography resource pack. This pack has been developed as a result of input from GCSE Geography teachers at Olchfa, along with two years of Tidal Lagoon’s engagement with the local community and education providers. For more details visit our Education Activities page.
Tidal Lagoon Power adds up for Finance Professionals
Tidal Lagoon Power, the development company behind the proposed £1 billion Swansea Bay Tidal Lagoon, has announced the appointment of three finance professionals. For full press release visit our News page.
The Power of Art - Tidal Lagoon Swansea Bay Plc announces short-list for world-first art commission
Four Welsh artists and ambassadors of song have been announced as the short-list of finalists for an innovative art commission that will connect art with infrastructure in Swansea Bay. Leading the response to the £1 billion ground breaking zero carbon energy project, Swansea Bay Tidal Lagoon are Swansea artist Owen Griffiths, Morriston Orpheus Choir, artist and writer Karen Ingham along with Tidal Voices comprising Rhys Trimble and Camilla Nelson. The short-list was announced at an event hosted by A&B Cymru at Bay Studios, Swansea. For full press release visit our News page.
Prudential announced as Cornerstone Investor
Prudential has been named as the cornerstone investor in Tidal Lagoon Swansea Bay. The deal forms part of Prudential’s commitment to invest alongside five other major UK insurance companies a total of £25 billion in the UK’s infrastructure over the next four years. Prudential’s long-term insurance funds will provide the funding through its European asset management arm, M&G Investments. For full press release visit our News page.
Tidal Lagoon Swansea Bay - Welsh Baccalaureate Resource 2014/15
Tidal Lagoon Swansea Bay has been working closely with the WJEC to produce a new Welsh Baccalaureate resource in preparation for the new term. The new resource pack challenges students to create an ‘app’ which can be used by visitors to the lagoon to gain more information on some of the recreational, biological or technological attractions proposed for Swansea Bay’s Tidal Lagoon. For more details visit our Education Activities page.
Open Call for Wales Based Artists - Multi-Disciplinary Commission
As part of TLSB's Welsh Art Programme, calls for initial proposals for a multi-disciplined artwork to be sighted in or on the Tidal Lagoon Swansea Bay, has been launched. Click here for further details.
Tidal Lagoon Swansea Bay Events Roadshow
We will be exhibiting at a number of events throughout the summer and would be delighted to see you on our exhibition stand. Do come and say hello if you are planning to attend any of the events. Details can be found on our News and Events page.
A national roll-out of tidal lagoon infrastructure would contribute £27 billion to UK GDP
A macroeconomic impacts study has found that a national fleet of six tidal lagoon power plants would contribute £27 billion to UK GDP over the investment period 2015-2027. Since many of the components can be sourced within the UK, tidal lagoon infrastructure investment offers one of the best returns in terms of GDP impact per pound invested when compared to other energy investments.
Click HERE to view Cebr’s report on The Economic Case for a Tidal Lagoon Industry in the UK, July 2014
An economic study into the cost profile of power from tidal lagoons has found that a portfolio of three UK tidal lagoons, in operation by 2021, would deliver large-scale low carbon power at a significantly cheaper price than offshore wind. To see the full report by International Consultants Pöyry click here: Levelised Costs of Power from Tidal Lagoons.