Cardiff Capital Region funds exploratory studies into Severn Estuary tidal lagoon
What happened
The Cardiff Capital Region has approved funding for exploratory studies into a tidal lagoon located in the Severn Estuary. The region pledged up to £6.4 million over the next three years, utilizing City Deal funds to support the initial phase of development. This funding will cover engineering design, commercial assessments, environmental studies, and modelling.
Why it matters
The project leverages the Severn Estuary's high tidal range to generate predictable renewable energy. If completed, the lagoon could produce around 600MW of electricity and operate for over 120 years. The potential economic value of the project is estimated at around £3.5 billion.
Who's involved
- WalesThe location of the potential energy project in the Severn Estuary.
- Mary Ann BrocklesbyChairman of the Cardiff Capital Region, commenting on the project's potential.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- WalesSpeculative
The project could deliver significant economic value to the region through its potential energy production.
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The entities involved
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Wales
country in north-west Europe, part of the United Kingdom