![]() The Department of Business, Energy and Industrial Strategy said: “The government remains open to consideration of well-designed proposals for tidal power in bays and estuaries around our coastlines, including dam schemes and other alternatives. Please use Chrome browser for more accessible video playerįlooding in Sydney and glacier collapse in Italy If they made the project more than washes his face.” “The government does not take into account some of these factors. “Not only would this be good for UK plc, but it would also allow us to export technology around the world, creating jobs,” said Mr Rotheram. He added that the government “needs to be sure that the epoch of the tides has arrived.” “Returns over the years more than pass the test.” But this project could generate enough energy for a million homes for 120 years. “Of course, the costs are impressive – 6 billion pounds. “It’s hard to compete when you have an unfair methodology for deciding whether something gets funded or not. ![]() He told Sky News that the Treasury wants the investment to pay off within 40 years, but the tidal power plant will produce power for over a century. In Liverpool, plans are being made for a tidal power plant across the River Mersey or further up the bay.īut to the dismay of Steve Rotheram, the region’s mayor, the scheme is struggling to win the support of the UK government. “We desperately need to do something,” Professor Falconer said. ![]() In comparison, the price of electricity generated at Hinckley Point C was set at £92.50 per MWh in 2012 and has risen with inflation. He said governments are pushing back on tidal power because of the upfront costs, but using the same funding mechanisms used for even more expensive nuclear projects, the cost of electricity would be around £74 per megawatt hour (MWh). “And then you have radioactive waste that needs to be handled for many centuries into the future.” “However, while the western Somerset Lagoon will last 120 years, the nuclear reactor will only last 60 years,” Professor Falconer said. Professor Falconer said one of the projects in west Somerset would have a capacity of 2.5 GW – almost the same as the Hinkley Point C nuclear reactor on the coast.īut while the reactor has so far cost £26bn to build, the tidal lagoon project will only cost £8.5bn. This can be done by building a dam or weir across the mouth of a river, or by building a circular dam to create a lagoon.Įnergy is captured by channeling the rise and fall of the sea through turbines in the structure.
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