The Morlais project would see a development on 13 square miles of seabed, generating up to 240MW of electricity from the power of the tides

The government will invest £20 million every year in tidal stream electricity

It will fund the manufacturing and distribution of the Edinburgh-based firm’s innovative subsea tidal turbines and boost its presence across the UK and expand into new global markets

They will combine their expertise to drive the rapid scale-up of installed capacity in the tidal energy sector in the UK and France

Nuclear Industry Association, RenewableUK and Solar Energy UK are calling for urgent action to build new wind, nuclear and solar capacity

The companies intend to develop offshore technology that will make future projects cheaper, more efficient and more predictable

The funding will support research and development related to offshore oil, natural gas, wind and marine hydrokinetic energy production, with a focus on safety, environmental monitoring and operational improvements

It will examine how the UK can ‘build back greener’ through marine renewable energy projects, including floating offshore wind farms, tidal stream and wave energy

The project is expected to generate £73.5m a year for the Swansea Bay’s economy

The consents cover two DG100 tidal kite systems which will be installed off the coast of the Faroe Islands