The government has rejected Swansea’s £1.3bn tidal lagoon plans on cost grounds. Chief executive of ACE, Dr Nelson Ogunshakin OBE responded to the announcement:

"The decision to decline the Swansea tidal lagoon scheme, an innovative and sustainable solution to our energy needs, is a major disappointment and a missed opportunity for the infrastructure industry and the drive towards more renewable energy in the UK.

"The government should have taken a longer and more far-sighted view and that it hasn't means that the UK has lost an opportunity to lead the world in this type of renewable technology."

ENDS