The Swansea Bay Tidal Lagoon is one of the most imaginative, dynamic and high profile infrastructure schemes in the UK, not just Wales. But who will build it and what does it mean for Welsh construction?

If all goes to plan the Swansea Bay Tidal Lagoon will meet a significant part of Wales's energy demands and create employment opportunities across Welsh construction and engineering as well as associated regeneration schemes. So, what's happening?

CEW and Tidal Lagoon Power held an event yesterday (Thursday, 26 May) to bring all parties and stakeholders up to date with the latest developments. It was confirmed that the Chinese contractor, CHEC, is no longer involved with the project and that the marine works will now be re-tendered. Otherwise, the project remains on track and if its go ahead is confirmed then it will generate many jobs for Wales – and not just in construction.

The team remain convinced that tidal energy is cheaper than nuclear and hope to offer some clear cut evidence to argue their case even more strongly in the coming months. The audience on Thursday was enthralled by the ideas, imagination and huge potential for the scheme and its impact on other similar projects.

It is planned that with a 320MW installed capacity, Swansea Bay Tidal Lagoon will be the largest marine energy development in the world.  A £1billion infrastructure project developed by Tidal Lagoon Power Limited, it will have a predictable output of some 495GWh each year of clean, green electricity to power more than 155,000 homes, and a design life of 120 years.

Stay tuned for more details.