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.