Wales announces publicly-owned renewable energy developer
Wales will soon have a publicly-owned renewable energy developer, created in response to energy insecurity, the cost-of-living crisis and the increasing threats posed by the climate emergency.
Speaking in the Senedd this afternoon, Minister for Climate Change Julie James said energy profits created in Wales will deliver greater benefit for people in Wales.
Surplus funds generated through the new developer will go back into the public purse to be reinvested in improving energy efficiency in homes in Wales and creating good quality, home grown, clean energy jobs.
Delivering on aims to have more than one gigawatt of locally-owned generation by 2030, the new state-owned energy developer will scale up renewable energy rollout, initially through the development of onshore wind projects on the Welsh Government woodland estate.
Like elsewhere in the UK, some renewable energy projects on the Welsh Government woodland estate have been developed by state-owned energy developers, meaning profits go back to their respective countries.
The Minister said: “We want to harvest our wind and use it to produce power that directly benefits people in Wales.
“We will set up a publicly-owned renewable energy developer. This is a long-term sustainable investment that puts net zero and the communities of Wales at the heart of the transition we need.
“We are in a climate emergency and our approach is in stark contrast to the UK Government that is focusing on fracking and fossil fuels – opposed by most communities and incompatible with our international obligations.”
With soaring living costs and an ongoing lack of certainty around energy supply, the Minister said the current UK market was “bad for bill payers”.
The focus of Wales’ energy policy is securing a reliable and diverse energy mix that delivers local benefit.
Minister for Climate Change Julie James added: “This is an historic moment for Wales. The cost-of-living crisis is directly related to the major increase in the cost of energy, which strengthens the need for an approach that returns more to the people of Wales.
“If other countries are anything to go by, then we should expect considerable returns from our investment and – as we share the ambitions of these other nations – we have a genuine opportunity to produce an income that will really help us to deliver here.
“We are taking positive action to ensure we deliver on our net zero commitments in ways that benefit our communities.”
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Da iawn. Eisiau gwladoli dŵr rŵan.
Fantastic news – lets ween ourselves off fossil fuels pronto and keep all those £billions circulating within our economy, using the profits to modernise Welsh homes and businessess rather than seeing it dissapear elsewhere to further enrich the filthy rich.
Love your optimism but have a suspicion that profits will not materialise as the margins will have been diluted by the usual pack of suspects – people with “connections” to the Bay regime who will get salaried posts, consultancy and other contracts. If and when such a body is set up it needs to look immediately at alternative technologies. Recently there was a call to plant more trees for good environmental reasons. More on shore turbines will lead to wholesale clearances of standing timber as part of the vision is to build in government owned woodlands. Does the right hand… Read more »