Should the UK be subsidising the world’s first tidal lagoons?

Company begins approval process for project that could power 1.5m homes in Wales, but concerns remain over enormity of scale and high electricity costs

The company planning to build a series of massive tidal lagoons in the UK claim their project can generate electricity that will be competitive with offshore wind and nuclear power. But experts have urged the government to take a cautious approach to the massive capital investment.

The world’s first tidal lagoon power station is ready to begin construction in Swansea, Wales should it attain planning approval. The project has been criticised for its exorbitant electricity costs, estimated to be £168/MWh. When the project begins generation in 2018, onshore wind will be producing electricity for less than half of this price.

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