Plans for the Swansea Bay tidal lagoon power station are potentially a superb case study to use when teaching the multiplier effect, renewable energy, cost-benefit analysis, economies of scale and different forms of government intervention including subsidies for harnessing new energy sources.
According to an article in the Independent:
"The £850m, six-mile-long U-shaped seawall by the Swansea docks will not only generate enough electricity to power 120,000 homes for 120 years – it will also create nearly 2,000 construction jobs in the two years it takes to build; and it will leave the city with a tourist attraction drawing in up to 100,000 visitors a year."
News articles:
Tidal power generator unveiling hailed as landmark(BBC August 2014): http://www.bbc.co.uk/news/uk-wales-south-west-wale...
Swansea Bay £850m tidal lagoon plan submitted (BBC February 2014): http://www.bbc.co.uk/news/uk-wales-26087779
Flooding concerns raised over Swansea Tidal Lagoon project (Wales Online, July 2014): http://www.walesonline.co.uk/business/business-new...
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