Lagoon strike price 'pretty much there', says Sir Terry Matthews

The proposed £1bn Swansea Bay tidal lagoon could go ahead if the cost is spread over a longer timescale, it has been claimed.

Swansea Bay City Region board chairman Sir Terry Matthews said the standard 35 year lifespan "did not make sense".

He said the UK government subsidy could be equivalent to nuclear energy prices if its lifetime was over 100 years.

Tidal Lagoon Power, the company behind the plan, has said it was confident it could hit a viable price.