Welsh government announces state-owned energy developer

Julie James, minister for climate change, has unveiled plans for a state-owned energy developer, as a response to energy insecurity and the cost-of-living crisis, as well as the climate emergency.

James said that the energy profits created in Wales will be a benefit for the people of Wales, with the surplus funds generated invested into improving energy efficiency in homes and the creation of clean energy jobs.

The aim is to have more than one gigawatt of locally owned generation by 2030.

The new energy developer will focus on renewable energy, with the first projects being onshore wind projects on the Welsh Government woodland estate.

James 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."

 

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