There will be no Tidal Lagoon power plant in Swansea. The announcement came today Monday (Jun 26) after years of debate and rumblings of uncertainty.
The killer blow was delivered by the Business and Energy Secretary Greg Clark who said that the £1.3bn project was not value for money.
Labour MP Tonia Antoniazzi said: “I have been a teacher for twenty years in Wales and I am absolutely devastated by today’s news. Pupils throughout Wales have been studying the exciting new future
that was coming to Wales promised by this government. It is a clear dereliction of duty.”
The rejection scuppers any hopes of Wales taking part in development of a new source of renewable energy.
The project, which would have been subsidised through household energy bills was deemed as too expensive by Ministers. Their logic was based on a comparison of Nuclear power and windfarms.
Figures bandied by Greg Clark included an estimated £700 more for the average consumer by 2050.
Speaking after the announcement Nia Griffith MP said:
“Bitterly disappointed by the UK Government’s short-sighted decision to scrap the Swansea Bay tidal lagoon. The project would have established Wales as a world leader in this industry, secured a clean source of energy for the future and provided a massive boost to the Welsh economy.
“It is shameful that after well over a year of dither and delay the UK Government is giving up on the Swansea tidal lagoon, ignoring the independent Hendry review which recommended going ahead and investing in our steel industry to produce the parts, and spurning the financial support offered by Welsh Labour Government.”