WIFE WASTES £500k ON HUSBAND’S FOLLY

A GREEN energy fat cat has wasted £500,000 on a failed project run by her husband.

Renewables group Good Energy, which is run by chief executive Juliet Davenport ( pictured), is writing down its investment in the Swansea Bay Tidal Lagoon power plant after the Government refused to back the £1.3bn project. Davenport, 50, is married to Swansea Bay’s chief executive Mark Shorrock, 48 ( inset). The investment dates back to 2014 when Good Energy took a 10pc stake in Shorrock’s plan for the world’s first tidal lagoon power plant.

In June, however, Business Secretary Greg Clark said it was too expensive and it would be irresponsible for the Government to back it.