We hope this facility will promote expertise in mariculture, as well as supporting environmental impact assessment work for TLSB
and our programme of further UK and international lagoons."
SLR is supporting TLSB
through the provision of specialist Nationally Significant Infrastructure Project (NSIP) consenting advice as well as preparing the project's supporting planning statement, alongside input from the client's legal advisers DLA Piper.
Good Energy's purchase of 556 ordinary shares in TLSB puts them among the top 10 shareholdings of development investors in the company.
A spokesperson from TLSB said: "Fundraising continues to go well.
Also yesterday TLSB's parent company Tidal Lagoon Power announced that it has joined the British Hydropower Assocation (BHA), the trade body representing the sector in the UK.
's head of planning, Alex Herbert said: "The planning regime for projects such as ours is multifaceted and we value the clear thinking and strategic input Mike and the SLR team have provided ahead of our planning submission."
Tidal Lagoon (Swansea Bay) (TLSB) says the investment offer provides private investors with "a tax efficient opportunity to back the development" of the UK's second-largest tidal range project, after the proposed Severn barrage.
The other PS5m of shares will be allocated in parallel to the development activities required to deliver the necessary planning permissions, TLSB says.
Mark Shorrock, chief executive of TLSB, said: "The UK imports 65% of its energy needs from sources such as Qatari LPG, French nuclear electricity, Australian coal and Saudi oil.