SgurrEnergy has been appointed by developer, Tidal Lagoon Power Limited (TLP), having provided a range of technical services and strategic support to TLP. A key focus has been to support a thorough understanding of the project’s technical and commercial risk profile, helping TLP construct a well-informed project development strategy aligned with achieving its required investment potential.
Advice has been given by SgurrEnergy on electricity generation design and technology, construction methodology and contract and technical documentation to help support the project through to financial close and ensure its feasibility.
“The Swansea project will hopefully be the first in a network of lagoons around the UK coastline,” said Ton Fijen, Technical Director for Tidal Lagoon Power.
The Swansea Bay Tidal Lagoon aims to harness the strong tidal currents in the Severn Estuary, which has the second highest tidal range in the world. Around 9.4sq km of intertidal sea area within Swansea Bay will be enclosed by a 9.5km breakwater wall in which hydro turbines will be mounted within caissons.
“We selected SgurrEnergy to offer us strategic advice on the project based on their strong track record of technical due diligence for complex renewable energy financing deals,” added Fijen.
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