The ocean remains a largely untapped renewable energy resource. While a number of tidal and wave projects have been commissioned, a commercial scale project remains to be successfully deployed. Alongside these technologies, tidal lagoon projects are emerging as a contender, with huge potential across the UK and globally.
On 10 February, the Department of Energy and Climate Change announced that it will initiate an independent review into the feasibility and practicality of tidal lagoon energy in the UK. This follows on from recent comments that have been reported in the Press relating to the cost of tidal lagoon energy and reflects the wider sentiment from the Government on reducing the cost to consumers of offshore renewable energy.
The review, commissioned by DECC and which is due to commence in Spring, is intended to improve understanding of how tidal lagoons could contribute to the future of the UK’s energy mix in the most cost effective way, and will be undertaken in consultation with the relevant Government departments, DECC and HM Treasury.
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