13th January, 2017
The Independent Review of Tidal Lagoons
The long awaited Independent Review of Tidal Lagoons has now been published.
Led by former energy minister Charles Hendry, the review concludes firmly in favour of the development of tidal lagoons. As Mr Hendry commented “I believe that the evidence is clear that tidal lagoons can play a cost effective role in the UK’s energy mix and … would help deliver security of supply; they would assist in delivering our decarbonisation commitments; and they would bring real and substantial opportunities for the UK supply chain” Highlighting their very long lifespan and predictability he concluded they should be cost competitive and that they “can be an important and exciting new industry for the United Kingdom. We are blessed with some of the best resources in the world, which puts us in a unique position to be world leaders”.
With renewable energy having moved firmly into the mainstream of energy generation, and capable of being cost competitive with more traditional sources, this report represents a real milestone in the transformation of our energy supply. It has the potential to unlock plans around the country, including that of North Wales Tidal Energy & Coast Protection Company (NWTE) for a lagoon scheme on the North Wales coast. St Asaph-based NWTE, a company Aaron & Partners is proud to support, is one of six UK schemes highlighted in Mr Hendry’s review into whether technology can affordably provide green energy to the UK. NWTE’s proposals would generate over 2GW of natural, renewable energy for a century and in the process create thousands of jobs in construction and tourism, with corresponding benefits for the region’s economic prosperity. In addition, as the review recognises, it would deliver flood protection in an area which has of course suffered disastrous flooding in the recent past.
In order to ensure the opportunities of tidal energy are grasped, the Government now needs to move swiftly to adopt the review’s recommendations and provide firm policy, in terms of both of finance and the planning / consenting regimes. As the review recognises, this is an opportunity not just for the UK to increase the security of its energy supply, but also to become world leaders in this exciting technology.
The website for the independent review of tidal lagoons where you can download the report can be found at hendryreview.wordpress.com.
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