Deal agreed over Swansea Bay Tidal Lagoon Power firm

A deal to take a multi-million pound stake in the company behind the proposed £1bn Swansea Bay tidal lagoon has been signed.

The Gupta family, who own Liberty Steel and the Simec energy company, has made the investment into Tidal Lagoon Power, which also has proposed projects in Cardiff and Newport.

Simec chief executive Jay Hambro said the company felt it was a good investment.