The Swansea Tidal Lagoon is one giant step closer to becoming a reality and here Mallard Chartered Surveyors and Estate Agents Director Jason Williams talks about the huge potential positives for Swansea, a city on the up.
The Hendry Review’s backing for the Swansea Tidal Lagoon is a big hurdle that had to be cleared in order for this exciting project to become reality.
We still have a couple of hurdles to clear before the green light is finally given but all the signs are more positive.
And it is just one of several projects that would put Swansea on the map including the St David’s project, the redevelopment of Parc Tawe and the UWTSD plans in SA1.
The Royal Institution of Chartered Surveyors (RICS) Wales Manifesto made it clear that infrastructure investment is going to be key to growing the Welsh economy and these projects would obviously kick-start that.
With regards the lagoon, we still need the UK Government to determine the “strike price” of the energy created by the lagoon, but already firms are preparing to bid for work on the £1.3bn project, which could employ around 2,000 people.
The Hendry Review has given a huge vote of confidence to the Swansea Bay area and once we get the go-ahead it can only bring much-needed investment to the area in the form of quality jobs and housing.
It is now of paramount importance, therefore, that the Government move forward and accept Charles Hendry’s findings. We just cannot let this opportunity slip through the net. I just hope everyone has the courage of their convictions to get this lagoon delivered.
If all goes to plan tidal lagoon power could be with us as early as 2022, delivering clean power to around 150,000 homes in Wales. Any delays to the project could mean these targets are put in jeopardy.
There are suggestions that there are potential skills gaps which could clearly affect the delivery capability for the Tidal Lagoon but this also has to be a clear priority for both the Welsh and UK governments.
It is absolutely imperative when this project is given the go-ahead (and I’m confident that it will) that it is delivered successfully and on time. After all, Swansea is the first of five proposed lagoons around Wales and the wider UK. There are also projects planned in Cardiff, Newport, Colwyn Bay (in north Wales), the Cumbrian coast and Bridgwater Bay (Somerset).
The Tidal Lagoon Power company claims the series of projects could eventually meet 8% of the UK’s energy needs.
Let’s bring it on.