Peel Energy halt Mersey Tidal Power project

After months of consultations and technical studies, Peel Energy have published the 3rd and final stage of the Mersey Tidal Energy feasibility study and chosen a preferred scheme -  a barrage between New Ferry and Dingle. However, due to high construction costs, Peel Energy have decided that it is not a financially viable project and will not progress development.

The studies found that construction costs, including the barrage and navigation locks, visitor centre, and transport links, would be an estimated £3.5 billion, resulting in a cost of electricity that is not competitive in the current energy and capital markets.

To read the Peel Energy press release in full, click here. For further information and to download the main report and technical studies, visit www.merseytidalpower.com.uk. Comments are invited on the reports until August 11.

Tags: , ,