The Crown Estate has announced a substantial funding contribution of £150,000 to bolster an independent commission that is examining the potential for tidal renewable energy projects in the Severn Estuary. The goal of this commission, known as the Severn Estuary Commission, is to assess various renewable energy projects in the estuary, including a potential barrage project that could supply around 7% of the UK’s energy needs.
Launched earlier this year by the Western Gateway Partnership, a collaborative body supported by local government, academia, and the private sector from Pembrokeshire to Swindon, the Severn Estuary Commission aims to drive economic growth in south Wales and the south west of England. With the Crown Estate’s financial backing, the commission is set to publish its final report and recommendations to the UK and Welsh governments in March next year.
Chaired by Dr. Andrew Garrad, a key figure in the global wind industry, the Severn Estuary Commission brings together experts in engineering, the environment, and finance to explore how to maximise the renewable energy potential of the estuary for the benefit of the UK. The Crown Estate’s new energies portfolio manager, Mike Dobson, emphasised the importance of considering a variety of technologies, including tidal power, to facilitate the transition towards clean energy.
Sarah Williams Gardener, chair of the Western Gateway, expressed gratitude for The Crown Estate’s support, highlighting the significant potential of the Severn Estuary to drive sustainable economic development. The appointment of Ian Simms, founder and CEO of Impax Asset Management, as one of the commissioners will further enhance the commission’s financial strategy for potential tidal energy projects in the estuary.
The proposed Severn Barrage projects, including a previous proposal by Hafren Power for an 18-kilometre structure with energy-generating turbines, have faced challenges and opposition in the past. However, the commission’s efforts aim to address these concerns and explore innovative approaches to financing and developing such projects in the estuary.
The Commission’s commitment to a sustainable energy future aligns with the long-term vision of creating a prosperous, green, and resilient region. As discussions continue around the viability and implementation of tidal energy projects in the Severn Estuary, collaboration between stakeholders and experts will be crucial in realising the potential of this renewable energy resource.