Blow for Swansea Bay Tidal Lagoon as Greg Clark addresses MPs in Westminster
The Swansea Bay Tidal Lagoon would produce energy "more than twice as expensive" as nuclear power according to Business Secretary Greg Clark.
Speaking in the House of Commons today (Tuesday 13th March), he told MPs he doesn't want to 'close the door' on the project, but must consider the impact on consumers' bills.
Ynys Mon Labour MP Albert Owen called on the Business Secretary to make a decision to help maximise Wales' potential in marine energy and spread prosperity across the country.
A UK government-commissioned report published in January lat year said recommended the scheme to be given the go-ahead but ministers are yet to make a decision.
Mr Clark said, "The particular Swansea proposal was very much more expensive, more than twice as expensive as the Hinkley nuclear power station, for example," Mr Clark told the Commons on Tuesday.
"But we are in discussions with our colleagues in the Welsh Government. I don't want to close the door on something if it is possible to find a way to justify it as being affordable to consumers."
"The first minister wrote to me yesterday and acknowledged the, as he put it, genuine challenges considering a proposal with untried technology with high capital costs and significant uncertainties.
"That's why I think the best way is to explore all of the possibilities, to recognise the constraints. That's what I've committed to do with colleagues in the Welsh Government."