Tidal Lagoon Schemes and Regional Development:Work Package 2: Report How might prevailing business models around electricity generation need to change to support tidal lagoon projects

This report is part of the Welsh Government Tidal Lagoon Challenge project. We address the objectives of the Challenge Fund by examining potential financing and ownership options for novel tidal range renewables on the coast of Wales. The research seeks to examine how different approaches might better support the long-term prosperity and wellbeing of the people of Wales. This report (WP2) examines how far existing developmental and financial models are practicable for potential tidal range schemes given capital requirements, operational timescales, uncertainties and risk, and potential future electricity prices (and pricing schemes). This report also summarises the findings from our consultations undertaken in the final quarter of 2024 and January 2025.