️<unk>️<unk>️<unk>️  £1billion tidal lagoon off the coast of south Wales will form the centrepiece of ambitious renewable energy plans to be unveiled today.<unk> £1billion tidal lagoon off the coast of south Wales will form the centrepiece of ambitious renewable energy plans to be unveiled today.<unk> £1billion tidal lagoon off the coast of south Wales will form the centrepiece of ambitious renewable energy plans to be unveiled today. George Osborne is set to use his Budget today to announce that the Government is beginning formal talks on funding the project to produce energy from turbines in Swansea Bay, south Wales.<unk> George Osborne is set to use his Budget today to announce that the Government is beginning formal talks on funding the project to produce energy from turbines in Swansea Bay, south Wales.<unk> ️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️ <unk> <unk> Construction: The project includes creating a six-mile sea reef, the reintroduction of the native oyster to Swansea Bay and an offshore visitor centre as well as national triathlon and water sports facilities. ️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk> Vast: The scheme would be over an area of more than four square miles of Swansea Bay in South Wales, creating a large tidal lagoon cordoned off by a huge breakwater. ️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️ The Guardian reported that the Tidal Lagoon Power company will get the opportunity to discuss subsidies - which are expected to have to be about £150 per megawatt hour. Controversially, this is far greater than the subsidy of up to £92.50 per MWh agreed for the planned Somerset nuclear plant Hinkley Point C - and triple the wholesale electricity prices of £50 per MWh.<unk> Controversially, this is far greater than the subsidy of up to £92.50 per MWh agreed for the planned Somerset nuclear plant Hinkley Point C - and triple the wholesale electricity prices of £50 per MWh. <unk> <unk> <unk> <unk> <unk> The Swansea Bay scheme would need a six-mile sea wall up to 65ft high - although only half of this would be noticeable from land at low tide, according to Tidal Lagoon Power. ️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️
Government to begin formal talks on funding Swansea Bay energy project. Government to begin formal talks on funding Swansea Bay energy project. Government to begin formal talks on funding Swansea Bay energy project. <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk>