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Swansea tidal power project launches 11th-hour £1m fundraising drive

4:28 PM

Funds are needed to prevent Tidal Lagoon Power’s development consent expiring in June

The developers of a pioneering tidal power project in Swansea Bay have launched an 11th hour bid to raise over £1m to keep the project afloat.

The company has just over three months to raise enough cash to pay for the development costs of the £1.3bn project before its funds risk running dry in March.

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from The Guardian https://ift.tt/2OMSkSm

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