Tidal Lagoon definition
Tidal Lagoon. “Tidal Range”, “Tidal Stream” and “Wave” shall each have the meanings given to such terms in the EA 2013 Regulations.
Examples of Tidal Lagoon in a sentence
At 320MW installed capacity, with first power expected in 2018, Swansea Bay Tidal Lagoon will be the largest marine energy development in the world.
In the case of Swansea Bay Tidal Lagoon, a 90-year CfD is requested to maximise the value of a 120-year asset.
Swansea Bay Tidal Lagoon is aware of a recent proposal in relation to Base Erosion and Profit Sharing provisions (BEPS) which would affect the proportion of interest on debt financing which is tax deductible.
As such, Swansea Bay Tidal Lagoon recommends that the most efficient financing of the Project will be achieved through short-term construction debt, followed by rolling long-term debt (typically 10 – 30 year tenor), with the debt amortising towards the end of the CfD term.