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Wales Online
Wales Online
National
Ben Summer

Welsh Government announces new state-owned energy developer to combat cost of living and climate emergency

Welsh Government Wales Julie James ​​Rishi Sunak

The Welsh Government has formed a new state-owned energy developer to create more renewable energy projects in Wales. The plans were announced on Tuesday, October 25, and the Welsh Government hopes it could help to combat energy insecurity, the cost of living crisis and the climate and nature emergencies.

Speaking in the Senedd, the Minister for Climate Change, Julie James, said creating energy profits in Wales would deliver a bigger benefit for people in Wales, as surplus funds generated by the new developer would be reinvested in energy efficient homes and energy jobs in Wales.

The Welsh Government aims for more than one gigawatt of energy generation to be locally-owned by 2030. The new developer is expected to speed this up, initially by developing onshore wind projects on the Welsh Government woodland estate.

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