Tidal Power: Swansea Bay

Department for Business, Energy and Industrial Strategy written question – answered on 23rd June 2020.

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Photo of Paul Maynard Paul Maynard Conservative, Blackpool North and Cleveleys

To ask the Secretary of State for Business, Energy and Industrial Strategy, for what reason a 35-year contract for difference assumption was used for the Swansea Bay tidal lagoon value for money assessment when the project's estimated lifespan is 120 years.

Photo of Kwasi Kwarteng Kwasi Kwarteng The Minister of State, Department for Business, Energy and Industrial Strategy

The Department considered a range of factors in coming to this conclusion. These included the proposed design life of project, the extent to which bill payers should accept operating life risk, a rapidly evolving energy market, and the falling cost of other renewable technologies.

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