Regeneration Plans in South Wales West

Part of 1. Questions to the First Minister – in the Senedd at 1:59 pm on 9 October 2018.

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Photo of Carwyn Jones Carwyn Jones Labour 1:59, 9 October 2018

The first thing that has to be established is the market, and particularly, of course, the strike price. These things are hugely important in terms of determining the viability of the project. What the UK Government didn't do was look at the contract for difference and the strike price in terms of making the lagoon viable; it decided it would pay more money for other forms of energy. So, the first thing that has to be established is the market—there is a way of doing that, by working with local authorities and others. I know that Swansea city council is looking at alternative ways of funding the lagoon, and we want to see what those ideas are, of course, and we will work with them if there is a viable project that can move forward, after the UK Government's unwelcome decision. That is something that we will continue to work with them on.