Swansea tidal power project launches 11th-hour £1m fundraising drive

Funds are needed to prevent Tidal Lagoon Power's development consent expiring in June

The developers of a pioneering tidal power project in Swansea Bay have launched an 11th hour bid to raise over 1m to keep the project afloat.

The company has just over three months to raise enough cash to pay for the development costs of the 1.3bn project before its funds risk running dry in March.