The announcement by the UK Government to cancel the Swansea Bay Tidal Lagoon is a massive blow for South Wales. The independent Hendry Review concluded that this project was in the national interest and should go ahead. The collected evidence from experts and decided that this is the best way to secure our energy in the future. But the UK Government decided to ignore experts – something they have a habit of doing – and scrap the investment in South Wales.
But this has ramifications for us in North Wales as well. That’s why, on Thursday, Colwyn Bay tidal lagoon would see £7bn direct investment in North Wales and is estimated to support 20,000 jobs. Not only would this be an economic boon for our communities, but it would ensure we become a powerhouse of green technology in the UK and the rest of the world.
The minster talked of the Swansea Bay scheme not being value for money, comparing it with the nuclear power plant at Hinkley Point. But she needs to remember that low carbon renewable energy may be more expensive in the short-term but this is a never depleting resource and will ensure we are self-sufficient on energy for generations to come. As the world becomes a more volatile place I want to see more energy produced at home.