Climate Changed
Green Investors Want a Stake of a $1.7 Billion Tidal Lagoon Project
- Macquarie says its eager to take equity stake in tidal lagoon
- Swansea project already has ‘queue’ of potential investors
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The new owner of U.K. Green Investment Bank wants to take an equity stake in a 1.3 billion-pound ($1.7 billion) tidal lagoon project, if the government approves the program.
Macquarie Group Ltd. are “strong believers” in the technology that would be used off the coast of Swansea Bay in South Wales, Mark Dooley, capital head of infrastructure, utilities and renewables in Europe, said by phone.