Ambitious £200m plans for a green energy project on the River Wyre have taken another step forward after project bosses secured a deal with the Duchy of Lancaster.
The deal, granting exclusivity rights to build a tidal barrage across the River Wyre, means that the project, managed by private firm Natural Energy Wyre Limited, is now able to move forward to the funding and planning application stage.
It is aiming to be the first tidal energy power station in the UK, with an installed capacity of 90 megawatts per hour of electrical energy from a single construction, powered by tidal movement.
The project, which would have a lifespan of more than 120 years, would provide electricity for tens of thousands of homes in the UK and, say bosses, will support the National Grid and UK Government in their clean renewable energy objectives.
Bob Long, managing director of Natural Energy Wyre Ltd, said: “This is a real milestone in the project.
“It’s one of the most exciting stages now and gives us the green light to move forward with the next stage in developing a clean renewable energy project right here in the North West.
“It’s a project that is very close to my heart living locally and I am, along with the rest of the board of directors, completely committed to delivering the project.”