Good Energy, investor in Swansea Bay Tidal Lagoon, welcomes today's planning decision

Juliet Davenport OBE, CEO and founder of 100% renewable electricity company Good Energy said:

“We’re thrilled to hear that Tidal Lagoon Swansea Bay has got the go-ahead from planners today.

This is a truly visionary project, providing an excellent opportunity for the UK to diversify its sources of renewable electricity and become more energy secure as a nation.

“Innovation is in Good Energy’s DNA, that's why we led the way with an early stage investment back in 2014. Our stake includes the right to purchase 10% of the lagoon’s electricity output. This will enable Good Energy to further diversify our sources of renewable electricity to supply our growing customer base.

“This world-first project will also make an important contribution towards national carbon emission reduction targets saving over 236,000 tonnes of CO2 each year. Harnessing transformational technology, this kind of renewable generation project lies at the heart of everything Good Energy is about, and we’re delighted that it has received the green light to proceed today.

“Once operational, the development will provide electricity for more than 155,000 homes for at least 120 years – an amazing contribution to the UK’s renewable electricity mix. Looking further ahead the opportunity is truly game changing. We now look forward to the government working in partnership with the project to give it the support it needs.”

Ready to switch?