Project scoping and feasibility studies.

Design development, plus early consultation with public and private stakeholders.

Continued engineering and design work.

‘Options consultation’ – informal consultation with public and private stakeholders, looking at various scheme options.

Environmental Impact Assessment Scoping Report submitted to the Planning Inspectorate and Environmental Impact Assessment begins.

‘Preferred option consultation’ – statutory consultation on the preferred scheme with all public and private stakeholders (under the Planning Act 2008).

Application for Development Consent Order submitted to the Planning Inspectorate for determination by the Secretary of State for Energy and Climate Change and application for a Marine Licence submitted to Natural Resources Wales for determination on behalf of the Welsh Government.

Prudential named as cornerstone investor.

Development Consent Order made in June.

InfraRed Capital Partners named as second equity investor.

General Electric and Andritz Hydro appointed as Turbine Preferred Bidders.

Macquarie Capital named as the Mandated Debt Financial Advisor.

Laing O’Rourke appointed as Turbine Housing Preferred Bidder.

Alun Griffiths Ltd appointed as Ancillary Works Preferred Bidder.

Completion of independent Hendry Review into tidal lagoons.

Path to financial close.

Construction start on site.