Part of 1. Questions to the First Minister – in the Senedd at 1:41 pm on 15 March 2022.
First Minister, Mostyn SeaPower Ltd are currently going out to tender for review of the initial design and costings for a tidal energy scheme here in north Wales, and one that would create 300 construction jobs and employ 35 people during its operational life of more than 100 years. This scheme would provide low-carbon electricity for 82,000 homes, as well as four miles of flood defences, and according to the managing director, they say,
'To date we have invested heavily without any government funding in getting to this point but we now need support to give potential funders added confidence to invest in the project.'
There are proposals from as many as eight other lagoons around the Welsh coast, which is well-suited, as has been mentioned, for this form of renewable energy. Now, whilst the UK Government has committed to investing £20 million per year in tidal stream electricity, would you clarify today what support the Welsh Government will give to these tidal energy projects that are coming forward now in the next financial year? Diolch.