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Birmingham Post
Birmingham Post
Business
Owen Hughes

Strike price agreed for North Wales tidal energy project

Wales Anglesey CfD UK Government United Kingdom

A developer that is part of the large Morlais tidal project off the coast of Anglesey has agreed a "strike price" with the UK Government.

Menter Mon is developing the tidal scheme off the island - with Welsh Government, EU and Growth Deal funding.

Now Magallanes Tidal Energy has secured a guaranteed price for the power it produces from its tidal technology that will be deployed off Anglesey's west coast. The Westminster government has agreed a £178.54 per MWh price under the Contracts for Difference (CfD) scheme.

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