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27/09/2018

Corbyn says Labour will back Swansea Bay Tidal Lagoon

Words: Roger Milne
Swansea / Shutterstock: 285904760

A Labour government would support the Swansea Bay Tidal Lagoon project, said party leader Jeremy Corbyn this week.

His backing was tweeted at the party conference in Liverpool on the day of his major speech.

This committed an incoming Labour administration to ambitious carbon cuts that would be achieved by “a green jobs revolution that will help tackle climate change, provide sustainable energy for the future and create skilled jobs in every nation and region of the UK.”

Corbyn’s tweet, which delighted Welsh supporters of the becalmed project, said: “The Conservatives failing to back the Swansea Bay Tidal Lagoon project was the wrong decision for our economy, the wrong decision for jobs and the wrong decision for the future of our planet. Labour will back it.”

Meanwhile, Mark Shorrock, the chief executive of Tidal Lagoon Power, the company that wants to develop the scheme, has suggested the project would be more commercially viable if it supplied power directly to residents and businesses in and around Swansea through a ‘private wire’ scheme.

In a related development the company has revealed that it has struck an agreement with creditors and shareholders to help pay off its debts.

Image credit | Shutterstock 

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