Commercial review of the Swansea Bay Tidal Lagoon Pathfinder Project
This review was commissioned by Swansea University, on behalf of the Swansea Bay City Region. The intention of which was to conduct an independent, impartial and objective commercial review, of the Swansea Bay Tidal Lagoon project.
Over the last 4 years Holistic Capital have conducted strategic due diligence on over 250 high value projects, throughout the UK, on behalf of HMG.
The scope of the review was determined by an agreed set of terms of reference, which are set out within the body of the review, and which were used to address certain specific aspects of the project on behalf of key stakeholders within the Local, Regional, and National Government.
Addendum to the commercial review of the Swansea Bay Tidal Lagoon Pathfinder Project
The UK Government announced on June 25, 2018 that it would not support the proposals for the Swansea bay Tidal Lagoon. This proposal was based on a contract for difference (CFD) model with the UK Government providing a £200m grant.
The UK Government said, “Securing our energy needs into the future has to be done seriously and, when much cheaper alternatives exist, no individual project, and no particular technology, can proceed at any price."
Government analysis estimated that the lagoon would cost the average British household consumer an additional £700 between 2031 and 2050.