Swansea is renowned for its beautiful surroundings and now, the city council is currently supporting an alternative major renewable energy development for Swansea Bay.
After proposing the idea to the government back in 2018, officials stated that, “Securing our energy needs into the future has to be done seriously and, when much cheaper alternatives exist, no individual project, and no particular technology, can proceed at any price."
According to an analysis submitted by the government, the lagoon would cost the average British household consumer a further £700 between 2031 and 2050.
However, independent research has shown that the mission is, in fact, financially viable.
These new plans for Swansea include a myriad of advanced features, such as a tidal lagoon forming part of a new ‘Dragon Energy Island’ off the coast of Swansea. This innovative island would have large underwater turbines and futuristic floating homes. Along with these key aspects, there would also be an underwater data centre, a solar farm and the production of pure oxygen and hydrogen on site for sale or storage.
Holistic Capital, a local funding solutions firm, has commissioned a report to further explore the opportunity of delivering the tidal lagoon, despite governmental rejection.