The project involves the development of a six-mile horseshoe shaped sea wall in the bay, creating a lagoon that fills up and depletes with the tide, driving power turbines. The project will have a capacity of 320 MW. Construction works are scheduled to start in 2015, the project is expected to be operational by late 2018.
The total project investment is estimated at about £1 billion (US$1.63 billion).
Keith Clarke led Atkins for eight years to 2011 increasing revenue by 40%.
Mr Clarke commented:
It will set the standard for a new kind of energy infrastructure and has truly global implications. It is the right project at the right time for me and I am relishing the prospect of getting back into major project delivery and building a best-in-class team.
Mark Shorrock, chief executive of Tidal Lagoon Swansea Bay Plc, stated:
We want the Swansea Bay Tidal Lagoon to establish a blueprint for a series of tidal lagoons that allow the UK to harness its incredible range resource. Keith understands the challenges of building large infrastructure and the climate imperative to do so in a low carbon manner. And he has grown exceptional teams to achieve exceptional results.