The Department for Energy and Climate Change (DECC) has given planning consent for the £1 billion Swansea Bay Tidal Lagoon project.
The scheme is set to become the world's first tidal lagoon energy initiative and can now begin development of the 240MW project.
The Planning Inspectorate's Chief Executive, Simon Ridley, said: "This was the first tidal lagoon project to be examined by The Planning Inspectorate and a Panel of 5 Examining Inspectors was appointed.
"The examination, recommendation and decision have been within the statutory timescales laid down in the Planning Act 2008.
"The Planning Inspectorate is committed to giving local communities the opportunity of being involved in the examination of projects that may affect them."
Mr Ridley added the local authority and public were able to participate in the six month planning examination.
Mark Shorrock, Chief Executive of Tidal Lagoon Swansea, said: "Wales led the way providing the fuel for the industrial revolution. We are now entering the era of the climate change revolution – de-carbonising our world in time to avoid two degrees of global warming – Wales can now lead this next revolution.
"With the Swansea Bay Tidal Lagoon becoming a reality, locking in 120 year life, zero carbon energy infrastructure, we have the potential to help transform our industrial economy and the UK’s energy mix."
However, negotiations over the fixed price at which the energy will be sold are continuing between the developer and the DECC.
Mr Shorrock added: "We now have some further permissions to secure and must successfully conclude CFD negotiations on our way to financial close, but the vision is now closer to reality than ever before and our delivery team is readying itself to start on site and start delivering for Swansea Bay next spring."
(LM/MH)
Construction News
10/06/2015
Tidal Lagoon Project Secures Planning Approval

13/06/2025
A vital piece of Peak District railway infrastructure is set to receive a major upgrade this summer, as Network Rail announces a £7.5 million investment into one of Chapel Milton's iconic twin Victorian viaducts.
The 160-year-old, 15-arch structure plays a critical role in the UK's freight network,

13/06/2025
Morgan Sindall Construction has revealed plans to expand its operations in South Yorkshire, building on its strong delivery record in West Yorkshire and aligning with the goals of the newly launched Great North initiative.
Backed by northern regional mayors, the Great North initiative aims to unloc

13/06/2025
Construction has officially commenced on the new Children's Cancer Centre (CCC) at Great Ormond Street Hospital for Children (GOSH).
Led by long-term design partner BDP, the new centre is one of the most ambitious projects in GOSH's history. The firm is overseeing architecture, landscape, engineeri

13/06/2025
The developer behind the Redworthy Orchard scheme in Yatton has handed over the first homes to a local housing association as part of a wider plan to provide affordable housing in the area.
Persimmon Homes Severn Valley has transferred four new properties to Alliance Homes, a move set to ease press

13/06/2025
Wynne Construction has been awarded two major design and build contracts worth over £20 million by Adra to deliver nearly 100 new social homes across North Wales.
Construction is already underway at the first site on Berse Road, Wrexham, where Wynne began work in March on a £9 million, 47-home soci

13/06/2025
Great Places Housing Group has officially broken ground on its landmark £37 million LGBTQ+ majority Extra Care housing scheme in Whalley Range, marking the start of construction during Pride Month.
The scheme, hailed as the UK's first purpose-built Extra Care development of its kind, is being deliv

13/06/2025
Henry Boot PLC has announced that its property investment and development arm, HBD, has completed the sale of TWO45, a multi-let industrial-led business park in Skelmersdale, to a European real estate developer for £9.5 million.
Located on a 10-acre site just minutes from the M58 and M6 motorways,

13/06/2025
Clowes Developments has announced the successful letting of Unit 5A, a newly completed 27,000 sq ft industrial unit at Stud Brook Business Park, to Shawpak Ltd, a pioneering manufacturer of medical device packaging machinery.
Founded in Derby in 2013, Shawpak Ltd designs and produces a unique range

13/06/2025
The Hill Group and Legal & General (L&G) have announced a new partnership to deliver 200 affordable homes as part of the first phase of the £450 million City Centre South regeneration scheme in Coventry.
This marks the first time the two organisations have collaborated on a major residential devel

13/06/2025
The historic South Crofty tin mining project in Pool, Cornwall, is set to receive a significant boost after being awarded £4,190,500 through the Cornwall and Isles of Scilly Good Growth Programme, marking the largest single private sector investment by the programme to date.
Delivered by Cornwall C