The development of a tidal lagoon in the Swansea Bay will open a path for the UK companies, especially those hit by a downturn in the steel industry, to tap into the supply chain potential in the tidal energy sector.
British industrial North has been hit by heavy job losses, especially within the steel industry, which faced a downturn at almost the same time as the oil and gas industry, it has been said in a new video released by Tidal Lagoon Swansea Bay (TLSB).
The 320MW tidal lagoon project, with an expected lifespan of 120 years, allows for GBP 27 billion to be invested in the supply chain across the UK.
Swansea Bay’s tidal lagoon will provide a catalyst for a new British engineering and construction industry, with the potential to create over 40,000 jobs and an export industry, born in Swansea Bay and bred across the UK, TLSB said.
Some of the UK industrial businesses hoping to play a part in delivering the world’s first tidal lagoon at Swansea Bay feature in the TLSB’s new film: