Budget reaction from the renewables industry

The Swansea Bay project may be assisted by subsidies similar to the ‘contracts for difference’ devised for the planned Somerset Hinckley Point C nuclear power station.

Responding to the announcement, the Renewable Energy Association’s Chief Executive Dr Nina Skorupska said:

“We welcome the Government’s ambition and willingness to invest in renewable energy infrastructure confirmed in today’s Budget. The procurement of renewable energy is crucial to meet the UK’s legally binding energy targets in a cost-effective manner, improving energy security and delivering skilled jobs and inward investment.

“However, our members will feel strongly that there was a missed opportunity to spread this commitment more widely to renewable power generation and renewable heat – both of which would thrive under a more stable regulatory framework which is fairer to smaller suppliers.

“We challenge the next government to level the playing field for emerging technologies and create a policy framework which provides long-term certainty for investors.”

Commenting on the Budget announcement that negotiations are now open to progress plans for a Tidal Lagoon in Swansea, Keith Jones, Institution of Civil Engineers (ICE) Wales Cymru Director, said: “I am delighted to see the support for the proposed Tidal lagoon in Swansea. Whilst there are many steps to be taken before this scheme can start, this is an excellent example of a project that could provide regular and predictable renewable energy.

“Wales has long coastline and the Severn’s tidal range is the second highest in the World. The proposed Lagoon presents a promising opportunity to capture the enormous potential source of sustainable energy from the sea.”

By Jake Frith