Tidal Lagoon Power provides services to companies undertaking tidal lagoon projects, including Tidal Lagoon (Swansea Bay) Plc and Tidal Lagoon Plc.
Our first project, the Swansea Bay Tidal Lagoon, establishes a scalable blueprint for our programme. Tidal Lagoon (Swansea Bay) Plc is a Special Purpose Vehicle (SPV) company which has been established specifically to undertake the necessary technological research, innovation and development, seek appropriate development consents and deal with any matters required to subsequently develop, construct and operate the lagoon.
Tidal Lagoon Plc is the holding company for a number of SPV companies (together, the Group) each established for the purposes of developing a discrete large-scale lagoon project. To date, five large-scale projects situated in the UK have been progressed to follow the Swansea Bay Tidal Lagoon. We aim to develop, construct and operate a fleet of tidal lagoons to meet up to 8% of UK electricity demand. Proposals for further UK and international lagoons, including two located in France, are in the process of being developed. This fleet will exploit the opportunities that tidal lagoons offer for social, economic and environmental transformation and we will progress projects that contribute positively in each area.