“Tidal power is one of our great natural resources which has yet to be really harnessed and offers long term predictable low carbon energy. The Budget announcement shows that tidal power is firmly in the low carbon technology race. It is important to note that this is not a single one off project but a plan to develop a series of such schemes which has the potential to significantly reduce the Strike Price required to support the technology. Therefore, the challenge is, can Government accurately assess the long term value of future tidal power schemes above and beyond the Swansea project.”
Ann Burton, KPMG Press Office
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This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.