Good Energy invests in tidal power

Good Energy Group, the Aim-listed renewable electricity supplier, yesterday said it plans to acquire an option for 10 per cent of the output from the Swansea Bay tidal lagoon project, in a deal that includes a £500,400 equity stake in the project. The tidal lagoon is expected to start generating electricity in 2018. Once fully commissioned, the project is expected to generate sufficient electricity to power more than 155,000 homes.

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