Global law firm Norton Rose Fulbright has been advising on the world’s first tidal lagoon power station, which is proposed to be built in Swansea Bay, UK, by Tidal Lagoon Power (TLP). The £1.3 billion Swansea Bay tidal lagoon project will have an installed capacity of 320MW and generate enough energy to power 155,000 homes.
Our team has been advising Tidal Lagoon Power on multiple aspects of the Swansea Bay project since 2013. Our corporate team, led by partner Stephen Rigby, has advised on structuring and equity investment work, including institutional investment from infrastructure investors Infracapital (Prudential) and InfraRed, and continues to provide ongoing corporate advice. Our construction team, led by partner Nick Pincott is advising on the ongoing procurement and negotiation of construction and O&M arrangements.
Our involvement with Tidal Lagoon Power is long lasting, and our team is broad. Partners Deirdre Walker, Peter Scott, Matthew Findley, Neil Biswas, Andrew Hedges and Simon Ramsden have all worked on matters for Tidal Lagoon Power. Our team also includes senior associates Keith Law, Katie Liszka together with associates James Chester-Master, Eleanor Cochrane, Liron Cohen, Miriam Jones, Michael Poole, Brendan Ryan and Katharine Young, of counsels Tim Baines and Nick Howard and consultant Joosje Hamilton.
Stephen Rigby commented:
“We are delighted to have worked with Tidal Lagoon Power since the inception of the Swansea Bay project. Tidal lagoon energy produces a stable and predictable flow of low carbon power over a very long period of time, and we are strong supporters of what Tidal Lagoon Power are doing. We look forward to continuing to working with the TLP team going forward”.
Nick Pincott commented:
“This is a market-leading project and a major opportunity for “UK plc”, both in terms of its potential to contribute to the UK energy mix, but also for its export potential to other markets. This report and its recommendation are a very large step towards bringing the project to fruition.”
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