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U.K. scraps tidal lagoon project, departing from marine-energy support

A rendering of the Swansea Tidal Lagoon project. Image: Tidal Lagoon Power via PA Wire
A rendering of the Swansea Tidal Lagoon project. Image: Tidal Lagoon Power/PA Wire

The U.K. has historically supported the emerging marine-energy industry with incentives to encourage adoption. The region has some of the best wave and tidal resources in the world and could benefit substantially from the industry once it fully matures.

Yes, but: The government’s support for the industry may be ebbing. After nearly two years of waiting and debate, the U.K. government decided to throw out the £1.3 billion Swansea Tidal Lagoon project, to be developed in Wales, on the grounds that it would not provide sufficient value for the cost. This directly contradicts a government-commissioned independent review that found the project economically viable.