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Interest from companies in Tidal Lagoon delivery

A number of major companies have expressed an interest in delivering the Swansea Bay Tidal Lagoon.

Swansea Council Logo (Portrait)

It follows the recent Prior Invitation Notice which invited companies to express their interest in the project. The deadline has now closed and a number of leading companies have said they want to be involved.

Some of the companies that responded have indicated they would deliver the entire project, but with a radically different development and deal to the previous proposal.

Other companies have said they want to be involved in delivering part of the project.

The responses will now be assessed in detail by the task group which was set up by Swansea Bay City Region to re-evaluate the project and look at alternative options for delivery.

Rob Stewart, Leader of Swansea Council and Chair of the task group, said: "We are exploring whether the lagoon can be delivered through a private sector-led development that doesn't rely on government or local government subsidy to pay for it.

"The response from companies has been encouraging and we have high levels of interest from very credible companies.

"They clearly share our belief that the lagoon is a viable project that can be delivered by the private sector.

"We wanted to get different views and ideas from major companies, not simply a new way of delivering the previous proposal.

"While we cannot disclose the details at this stage we can confirm some of the responses are very exciting, proposing radically different elements to developments. "There is a good mix of potential partners with some stating they can  deliver the entire project, while others want to get on board and have a role in delivering as part of a wider collaboration.

"We now need to take the necessary time to assess and analyse these responses in more detail before deciding how we move forward. But for now I'm delighted with the response and it's very encouraging for the future of the Swansea Bay Tidal Lagoon."

The publication of the PIN follows the UK Government's decision earlier this year not to support previous proposals put forward by Tidal Lagoon Power for a £1.3bn project.

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