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Written question asked by Lord Berkeley (Labour) on Thursday, 17 March 2022, in the House of Lords. It was due for an answer on Thursday, 31 March 2022. It was answered by Lord Callanan (Conservative) on Thursday, 31 March 2022 on behalf of the Department for Business, Energy and Industrial Strategy.


Tidal Power: Finance

Question

To ask Her Majesty's Government what plans they have, if any, to use Regulated Asset Base funding for projects with a long construction period for tidal range projects.

Answer

The Government remains open to considering well-developed proposals for harnessing the tidal range energy in the bays and estuaries around our coastlines, including barrage schemes and other alternatives. Any such proposal would need to demonstrate strong evidence of value for money in the context of other renewable technologies, as well as details of its associated energy system benefits and environmental impact mitigation strategies before the Government could take a view on its potential or on the funding models appropriate for exploration.


Secondary information

Type
Written question
Reference
HL7047
Session
2021-22
Subjects
Construction Finance Tidal power
Link
View this Written question on www.parliament.uk