The Welsh Government has launched a soft market testing exercise - the Tidal Lagoon Challenge - to assess the form any support it could provide for the construction of a tidal range electricity generation project on the Welsh coastline.
At this stage the Welsh Government is undertaking market engagement to ascertain if there is interest in any potential competition/procurement in the future to deliver a tidal lagoon capable of generating electricity - with potential financial support from the Welsh Government.
It now wishes to engage with organisations interested in the delivery of tidal range energy projects on the Welsh coastline, prior to formulating a preferred approach to the competition and support package.
The Welsh Government is considering how best it can support the market to develop a tidal range energy project on the Welsh coastline. The current preferred approach is to undertake a competition to identify suitable options.
The Government is now inviting interested organisations (including potential developers, financiers and those with experience in the tidal range sector) to register their interest by Thursday 6th May 2021.
Click here to access the Prior Information Notice.
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