Tidal Power: Finance

Department for Business, Energy and Industrial Strategy written question – answered at on 24 February 2022.

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Photo of Rob Roberts Rob Roberts Independent, Delyn

To ask the Secretary of State for Business, Energy and Industrial Strategy, what funding streams are available for the development of tidal lagoon projects.

Photo of Greg Hands Greg Hands The Minister of State, Department for Business, Energy and Industrial Strategy

The Government is open to considering well-developed tidal range proposals, provided that these proposals demonstrate energy system benefits, plausible environmental mitigation strategies, and clear value for money in the context of other renewables.

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