Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to his Answer of 21 May 2020 to Question 46026, what was the assumed cost of capital used in the value for money assessment into Swansea Bay tidal lagoon published on 25 June 2018.

The value for money analysis undertaken by the Department used a range of different cost of capital assumptions. This included scenarios in the lower range using hurdle rates which were comparable to those for more established renewable energy technologies, such as solar PV, onshore wind and large hydropower.